Comments of the Week
April 20, 2012 11:18 AM
(Image: ThinkStock)
On frustrations with the current Federal Reserve Board:
"Your memories of the 1980s and Volcker are with rose-colored glasses. Although it was before Taylor's days as head of supervision, the mid 1980s saw the collapse of Continental Illinois."
Related article:
On frustrations with the current Federal Reserve Board:
"Whether it's stress-tests, dense Volcker rules, or incessant closed-door deliberations, the Fed needs to open up."
Related article:
On breaking up too-big-to-fail institutions:
"Unless these gigantic institutions are systematically dismantled [and] concentrations of risks spread out, even governments will not have enough resources or taxpayer horsepower to save the largest ones."
Related article:
On breaking up too-big-to-fail institutions:
"As a life-long community banker who recently joined the trade association world, I quickly discovered how some knowingly misstate or twist the facts to defend the existence of too-big-to-fail banks."
Related article:
On breaking up too-big-to-fail institutions:
"Bank size is like goldilocks porridge: not too big, not too small, but just right."
Related article:
On Pandit's compensation:
"Senior executive pay is way out of line even for relatively healthy businesses."
Related article:
On finding the optimal scale:
"During my 30 year tenure as a founder and CEO of a community banking company that grew from $13 million to $2.3 billion in footings, I never met a bank CEO who thought his company was big enough."
Related article:
On finding the optimal scale:
"Fortunately, for America the answer as to what is the optimal size of [a] bank is evident: it is legion. Today in America there are 7,500 hundred banks in various sizes, shapes, charters, and business models."
Related article:
On obstacles to loan mods:
"If the opposite happened to this homeowner, and instead of losing her job she got a raise, the bank wouldn't call her and tell her to pay more each month, so why should they offer her assistance to pay less because she makes less?"
Related article:
On extending credit union small-business lending:
"[This piece] notes that the banks are now only lending when the SBA is on the hook. Given that, how are taxpayers less exposed by bank lending than credit union lending?"
Related article:
On extending credit union small-business lending:
"Credit unions and community banks have more in common than what separates them. We need to work together against the Top 10 banks."
Related article:
On defending force-placed insurance:
"Force-placed insurance is now commonly called 'collateral protection insurance' - sounds nicer."
Related article:
