Don't Act 'Like a Welfare Recipient': Comments of the Week
November 6, 2015 11:47 AM
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!!"
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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."
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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."
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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>):
"Burn"
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On how investors are suing founders of CertusBank on claims of misappropriating company money:
"So much for the smart money."
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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."
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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."
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