BankThink

How to End the Homeownership Crisis

10/25/12

Well-intentioned policies are causing inadvertent redlining. Our proposed Dignity Mortgage would show there are few if any additional risks of lending to the large cohort of presently excluded prospective homebuyers.

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TAG Extension Would Give U.S. More Time to End TBTF

10/24/12

If the program ends, most TAG deposits held by community banks will quickly migrate to the biggest banks as investors still expect the federal government to protect all deposits held by these financial behemoths.

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Consumer Protection Is a Partisan Issue

10/24/12

An analysis of Senate rulings indicates voters who believe in strengthening customer protections should cast their ballots for Democrats, while voters who believe banks should not have to answer to a consumer regulator should choose Republicans.

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Romney Presidency Wouldn't Magically Turn Fed Doves into Hawks; A Series of Credit Card Thefts

10/24/12

Receiving Wide Coverage ...

Romney's Reserve: Various news outlets are following up on a Times article from Binyamin Applebaum that focuses on potential Federal Reserve chairman replacements for Ben Bernanke should Republican candidate Mitt Romney win the upcoming presidential election. (It should be noted some attention is also being given to potential Obama appointees, given Andrew Ross Sorkin's recent disclosure Bernanke isn't interested in another term once his current one expires in January 2014, but with...

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No Wonder Short Sales Are So Rare

10/24/12

In a typical case, a short sale took nearly nine months, and extraordinary patience and tenacity, to get done. That's no way to stage a housing recovery. Streamline the process.

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Why Washington Wants Community Banks Out of the Way

10/23/12

The flood of new regulation, demands for more capital, harsh enforcement and an unexplained three-year-old de facto moratorium on de novo charters lead one to believe Washington wants fewer community banks

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Look Beyond Bonuses to Keep Your Best Bankers

10/23/12

Banks can retain their best and brightest staff by offering career advancement opportunities, competitive base salaries, adequate training and attentive performance management.

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Bring on the Binders

10/23/12

Romney may have worded it awkwardly, but he has never expressed a more pro-female sentiment than when he talked about those "binders full of women." Oftentimes, you need to deliver the resumes of female candidates directly to the decision makers in order to promote gender equity.

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Big Bank CEOs Continue to Push on (But Not Solve) the Fiscal Cliff Problem; Volcker News

10/23/12

Receiving Wide Coverage ...

Big Bank CEOs vs. the Fiscal Cliff: Big bank CEOs are intensifying their efforts to get Congress to deal with the looming fiscal cliff, convening to discuss the issue over lunch at JPMorgan Chase CEO Jamie Dimon's house and releasing a letter intended to sway legislators toward a budget compromise. "We write today to urge you to work together to reach a bipartisan agreement to avoid the approaching 'fiscal cliff,' and take...

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When Is Bank Regulation Really Bank Protectionism?

10/22/12

The simmering controversy over American Express' Bluebird card typifies a classic debate: When do regulations that ostensibly protect the public from shady operators really just protect incumbent businesses from competition?

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