Comments of the Week
Published July 6, 2012 10:08 AM
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Updated July 6, 2012 1:29 PM
1 Min Read
(Image: Thinkstock)
On the resolution plans ('living wills') submitted by large banks:
"Reading the summaries of the plans …reminds me of the story 'The Emperor's New Clothes.'"
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On the prospective buyers of failing banks' business units:
"To take the syllogism of living wills one step further, organ recipients need the protection of an antirejection drug for the donated organ, a cyclosporin-A, if you will, of M&A. The recombined entities will need to fit within as yet undefined regulatory guidelines, and make business sense." (Image: Fotolia)
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On the Basel committee weighing tougher capital rules for construction loans:
"Construction loans are simply much riskier than other loans. The Basel Committee finally got a risk weight in the ballpark." (Image: Fotolia)
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On claims that Fannie and Freddie caused the entire crisis:
"In complex systems and crises, it is almost childlike to try to find a single cause." (Image: Fotolia)
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On claims that Fannie and Freddie caused the entire crisis:
"It's unfortunate that so many who choose to see a singular villain are also seeking a singular solution to a complex and economically critical sector."
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On the viability of community banks:
"If you're doing the same stuff today that you were doing in 2006 and expecting the same results ... that's a problem - but I respectfully suggest that the problem is a leadership issue rather than an industry viability issue. … Evolution is required." (Image: Fotolia)
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On whether authorities should pursue criminal charges in the Libor scandal:
"Failure to act can only be based upon cynicism as to the result and a clear symptom of geriatricism." (Image: Thinkstock)
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On the Libor scandal:
"Why are any of the other banks willing to do business with people, companies and management that decide not to play by the same rules? ... Would you buy a car from a dealer who just cheated your neighbor?" (Image: Fotolia)
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On American Express' plan to issue chip cards in the U.S.:
"Deja vu all over again. Once a leader with its Blue chip card launched in 1999 (abandoned in 2005), Amex now looks to be trying to play the role of fast follower." (Image: Fotolia)
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