Scene and Heard

US Banker, May, 2008

“In the last 10 years, protecting the consumer...has gone the way of the Walkman.”

-Jim Carr, COO of the National Community Reinvestment Coalition, in Washington, D.C., on one of the problems with U.S. Treasury Secretary Henry Paulson’s proposed Blueprint for a Modernized Financial Regulatory Structure.

“I didn’t create this train wreck. Why am I being punished for it?”

-Mike Menzies, president and CEO of Easton Bank & Trust, in Easton, MD, who says big banks’ investments in subprime mortgages have sullied the share prices of the entire sector.

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