BankThink

Fed Attempt to Sugarcoat Foreclosure's Effects Now Laughable

10/20/11

Was the Fed trying to convince itself foreclosure isn't that bad? Would they roll out the pie charts and PowerPoint presentations to convince the rest of the financial community, Congress and the like, that homeowners don't have to fear deterioration of lifestyle, maybe just a bit of downsizing?

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Remember, the Protesters Are Your Future Customers

10/20/11

As a mortgage banker, I realize these protesters will one day be buying the homes that I finance. We need to be more aggressive in getting our message out on how banks make lives better.

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Banks Can Eat Groupon's Lunch

10/19/11

Banks are ideally positioned to use their data on consumers' purchase histories and merchant relationships to send targeted daily-deal offers to customers. Groupon's random solicitations wouldn't stand a chance.

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Simple Stimulus Plan: Ease Up on Regulatory Clamp-Down

10/19/11

Policy makers and agency leaders should speak out in favor of simplifying rules and send a signal to examiners that they do not have to be overly conservative.

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History Shows Why CFPB Needs a Commission

10/19/11

The FTC, with its five-person commission, was attacked by Congress for implementing a vague congressional directive. A single director at the CFPB would fare even worse.

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Why Bank Reform is Misguided

10/19/11

The policy focus should be how to ensure no single financial institution becomes a single point of systemic failure - not how to mitigate the fallout when such an entity fails.

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Durbin Rule Is Weak Excuse for New Bank Fees

10/18/11

The Bank of America $5 debit use fee had nothing to do with any new law passed by Congress, it was just the inexorable march of the biggest banks finding new ways to exact more fees from consumers.

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Banks Can Boost the Economy by Aiding Exporters

10/17/11

Banks are the much needed facilitators for the export market, providing financing, greater information flows, risk mitigation and foreign banking relationships.

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Are We Seeing the Demise of Physical Banking?

10/17/11

When I'm asked "How do we get bank customers back into the branch?" my answer is simple. How would you get them back into a Borders or Blockbuster store?

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Our Cousins Have the Right Idea: Sever Trading from Banking

10/17/11

The U.S. and the world should follow the lead of the U.K. Vickers report and "build a fence" around banking, so shareholder equity and depositors' money can be used only to make loans to viable borrowers.

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