Community Bankers Take Issue with Fed's Stimulus Efforts
September 12, 2012 1:11 PM
(Image: Bloomberg News)
Doing Nothing is Always an Option
"I'm hoping [Bernanke] won't do anything. The Fed has used most of their bullets. [It needs] to just sit on the sidelines and let this thing play out."
Wes Smith, president and chief executive of Northwest Georgia Bank in Ringgold
Money Supply Isn't an Issue
"There is enough liquidity in the system."
Paul Freeman, president and chief executive of Anchor D Bank in Texhoma, Okla.
(Image: Fotolia)
Fiscal Miscues are the Problem
"I'd love to hear Bernanke say that the solution lies with the President and with Congress and their ability to address the fiscal side of the house."
Vince Delie, president and chief executive of F.N.B. Corp. in Hermitage, Pa.
Fed Should Raise Rates
"We're facing unprecedented territory in terms of margin compression [because of historically low interest rates]. … It forces banks to take undue risks, like going out on the yield curve or taking on riskier asset classes."
Charlie Crawford, chairman, president and chief executive of Private Bank of Buckhead in Atlanta.
