Wednesday, November 3, 2010

Experts: Expect a slow rebound for banks - Orlando Business Journal:

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Regulated banks will recover as theeconomty improves, the four members of the panel concurred. The panel at the ’ss Power Breakfast April 17 on the Troubles Asset ReliefProgram (TARP) was Alex Sanchez, CEO of the ; Richared Simonton Sr., president and CEO of ; Tony Central Florida area president of ; and J. Thomazs Cardwell, a banking attorney with . Sanchez said bankersd are eager to repay money they collected fromthe U.S. Treasury’s He said that intensive regulatory oversightf has made bankers very cautiouse about the loansthey make, but he addee that making loans is how they make money, so they are eage r to lend to qualifiedc borrowers.
"Accusing banks of not lending is like accusin g restaurant owners of not wanting the public to eat intheifr restaurant. Lending is how banks make Sanchez said The panelists also addressed the imagew problem that is part of the falloug from the financialindustry crisis. They argued that the bigges t problems sprangfrom non-banks — the unregulated financiaol institutions that packaged subprime home loans into securities — for much of the

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