Bash or Bolster? Bank Bosses on Obama Blueprint
Reform Will Hit Small Banks Hard
"We have the same quantity of regulation, but we're much smaller companies, and therefore it costs us a great deal more and it puts us under a great deal more pressure."
— Mike Menzies, president and CEO of Easton Bank and Trust
An 'Unnecessary Confusion'
"As a banker, we want clarity ... We want to make sure that we know who's regulating us and what the rules are. The consumer protection agency sounds a bit confusing ... I don't really mind the idea of consumer protection, I think it makes sense and it's well timed, I just think that the agency itself might be a little problematic.
— Richard Davis, US Bancorp CEO