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On the remittance problems for Somalis:

"Even if the AML issues can be resolved, the remittance transfer regulations that go into effect next February will absolutely kill this business."

Related article:Somali-Americans' Remittance Demands Put Banks in Bind (Image: ThinkStock)

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On the regulatory burden for small banks:

"What those who testified missed was while the level of matters under regulatory scrutiny has increased for all size banks and even though community banks are excluded by size from much of Dodd-Frank they will still be expected to meet most all of the same standards, limitations and requirements of the bigger banks."

Related article:'Compliance Is All I Do Now': Community Banks Press Congress for Regulatory Relief (Image: ThinkStock)

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On too-big-to-fail banks:

"Good faith efforts to deal with downsizing the TBTFs inevitably come up short over the issue of how to go about it."

Related article:Volcker, Hoenig Offer Differing Takes on How to End TBTF (Image: ThinkStock)

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On an overdraft bill that would ban high-to-low reordering of transactions:

"If I have an overdraft I want my mortgage and/or car payment paid first, which are my two largest items every month."

Related article:House Dems Introduce Bill to Curb Overdraft Fees (Image: ThinkStock)

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On criticisms of B of A's CEO:

"Moynihan is worth 3x's what he received for what he has accomplished to date in this McCarthy banking environment. B of A investors are lucky Mr. Moynihan is still there. I can only think he considers this a challenge to overcome, or else he would probably have been long gone."

Related article:Bank of America Shareholders Approve Exec-Compensation Plan (Image: Bloomberg News)

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On criticisms of B of A's CEO:

"While Brian Moynihan is not your 'central casting' CEO, someone has to take that job. … (where have you gone, Kenneth Lewis, the B of A stakeholder nation turns its venomous eyes to you, whoa whoa whoa)"

Related article:B of A's Moynihan Takes Verbal Abuse, Wins Shareholder Votes (Image: Bloomberg News)

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On principal reductions for liar loans:

"Greed is an equal opportunity vice. It struck mortgage companies and consumers alike…you slap the honest borrowers in the face when you reward the liars."

Related article:Are Liar Loans Going to Get Principal Reductions? (Image: ThinkStock)

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On principal reductions for liar loans:

"I suspect most of these people have already defaulted and the people who are left have struggled to make payments in the face of changed economic circumstances or otherwise at risk of future default. The country does not need any unnecessary foreclosures."

Related article:Are Liar Loans Going to Get Principal Reductions? (Image: ThinkStock)

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On principal reductions for liar loans:

"If we give out principal reductions like candy, home values suffer tremendously and an already shaky market just gets more unstable! Perhaps the answer is that loans that can be labeled as 'liar' loans be excepted from principal reductions or moved to the end of the line for further review."

Related article:Are Liar Loans Going to Get Principal Reductions? (Image: ThinkStock)

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On principal reductions for liar loans:

"As always, the financial community points the finger of blame at the borrower, no matter that banks and other lenders made liar loans, no doc loans, and the rest possible….Frankly, there should be thousands in the financial industry in jail or paying huge civil penalties for their part in the mortgage mess."

Related article:Are Liar Loans Going to Get Principal Reductions? (Image: ThinkStock)

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On overextended regulators:

"Our history tells us quite eloquently that we regulate poorly. So, if we expand our regulations to new and exotic areas, it's more than likely that we'll regulate these new areas poorly, too."

Related article: Congress Asks Way Too Much of Bank Regulators

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On Ron Paul vs. Paul Krugman:

"The obvious difference between the two men debating is not only that Krugman has been largely wrong and Paul has been mostly right about the economy, but the fact is that Krugman is selling a book while Dr. Paul is selling liberty, freedom and honesty."

Related article:The Paul Vs. Paul Debate (Image: Bloomberg News)

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On challenges for community banks:

"It has been hard for me to understand why the very politicians that need a better economy have attacked the very industry that can give them just that."

Related article: It's the Worst Best Time Ever to be a Community Banker (Image: ThinkStock)

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On Treasury auctioning off Tarp stock:

"Isn't this deja vu, version 10.2? Welcome to the next, next, next chapter of subprime MBS with a dash of Harp and a generous sprinkling ALM/LLA."

Related article: Treasury Planning Further Tarp Auctions to Help Small Banks Exit Program (Image: ThinkStock)

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On JPMorgan Chase's positions in Europe:

"Why is it a problem if JP is willing to lose $5B to stay in the EU market? That's one quarter's earnings or 4% of T1 common. I say separate the investment banking from the insured deposit banking and let 'em have at it."

Related article: Fix Banking by Keeping Government Out of It, Dimon Says (Image: ThinkStock)

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On Jamie Dimon's criticism of government involvement in banking:

"The government not only has already gotten all their money back [from Tarp] - but has made a very nice return and still has funds outstanding that at this time will only add to their profit. Go do the math - the government made a much better return on their loans than commercial banks make on their loans."

Related article: Fix Banking by Keeping Government Out of It, Dimon Says (Image: ThinkStock)

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On personal financial management apps:

"Is no one in the industry concerned that Yodelee promotes the sharing of online banking credentials by consumers to third parties?"

Related article: Yodlee Opens a Workshop to Boost Startups (Image: ThinkStock)

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