For small community banks and credit unions, like those in Central and Northern Wisconsin, the hundreds of new rules will require an estimated 2,260,631 labor hours just for compliance. Those are hours that your local bank or credit union will spend dealing with some Washington bureaucrat instead of focusing on the needs of customers like you.
Sean DuffyRelated topics
bank bureaucrat central credit focusing hours labor needs northern small spend Washington RulesRelated quotes
Agitators are a set of interfering, meddling people, who come down to some perfectly contented class of the community and sow the seeds of discontent amongst them. That is the reason why agitators are so absolutely necessary. Without them, in our incomplete state, there would be no advance towards civilization.
Oscar Wilde
We got a real clear picture of what they all value. Every Republican's voted for it. Look at what they value and look at their budget and what they're proposing. Romney wants to let the - he said in the first hundred days he's going to let the big banks once again write their own rules, 'unchain Wall Street.'
Joe Biden
No one can sense his own weakness is at least a small temptation is not allowed to afflict either his body or his soul. Then, comparing his weakness to the help of God, a man comes to know its magnitude. But whoever does not know that he needs God's help, let him make many prayers. Insofar as he multiplies them, in that measure will he be humbled.
Isaac the Syrian
The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
Abdul Aziz Al Ghurair
I get heartfelt thanks from all kinds of people. Today I heard from a waitress in Georgia who has lost her job and is trying to figure out how her local bank can change the terms on her credit card, and I heard from a physicist at a major research university who wants to explain a better theory of financial stress tests.
Elizabeth Warren