Slideshow Don't Act 'Like a Welfare Recipient': Comments of the Week

Published
  • November 06 2015, 11:47am EST
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American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

On industry criticism of the White House for demurring on releasing Fannie Mae and Freddie Mac from conservatorship:

"Good grief bankers, you are embarrassing our profession writing this crap. You are acting like a welfare recipient who will not take a real job!!"

Related Article: White House Opposes GSE Recap, Homebuyers Suffer

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On urging bankers to question their examiners' "matter-requiring-attention" findings:

"It is only a Spanish Inquisition if the banks allow it to become one."

Related Article: It's Okay for Stress-Tested Banks to Talk Back in School


In response to an argument that all financial services companies have to become fintech companies:

"I think banking should be fintech, but today, banking is mostly legacy with a digital wrapper."

Related Article: Banking Is Fintech, Like It or Not


On the formation of a financial services policy group to advocate on behalf of tech companies, with no plans to add bank members (via <a href="https://twitter.com/bebrown2/status/661832402407436288" target="_blank">Twitter</a>):

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On how investors are suing founders of CertusBank on claims of misappropriating company money:

"So much for the smart money."

Related Article: Investors Sue Leaders of Defunct CertusBank


A retort to the argument that banks can use alternative shared ledgers other than bitcoin's blockchain (via <a href="http://webonanza.com/2015/11/04/sorry-r3-but-you-still-dont-get-it/" target="_blank">webonanza</a>):

"A truly decentralized cryptocurrency is protected by power (energy divided by time), not pass phrases, courts, judges, validators, banks or R3."

Related Article: Explore the Blockchain, Ignore the Bitcoin Maximalists


On how wealth management firms can emulate fintech techniques to attract millennials:

"The test will be when you get a sustained bear market. Even the robos have real live people you can talk to but you won't 'know' them like you might a face in a branch."

Related Article: Why Wealth Managers Still Have a Shot at Winning Millennials