On the recordMay 5, 2010
This could be a separate bill. It could be a freestanding idea. This would qualify as such an idea. Maybe it doesn't sound like much to people, but to consider the liabilities, that really gives a far more accurate picture of the financial condition of a smaller bank. Therefore, the assessments make so much more sense if you have a fuller view of how that institution is doing. It is so painful, on Friday afternoons after 4 or 5 o'clock, every week, 5 banks, 6 banks, 10 banks--I feel so bad when I hear the names-- a lot of them in small towns in our country, maybe small amounts, some of them a little larger--you think about a small town where there might be one lending institution, maybe two but not much more than that--when one closes its doors, what it means to a community to lose that lending institution where everybody knows everybody and you don't have to have a computer printout to know whether Mrs. Hutchison or Mr. Dodd is going to be able to meet that obligation; they have known the family.
