Political Quotes

“Mr. President, let me tell you about Farmers State Bank of Allen, OK. I know exactly where Allen, OK, is. I bet a bunch of folks in this room do not. It is a small town, and this a small bank. There is $43 million in total assets in that bank. That is a pretty small bank, as banks go. It is located in a town of about 900 Oklahomans in total. The town has a number of small business owners, farmers, and ranchers--folks that some people in this room fly over. There are good families who live in that great town. Many of them have great credit scores and have a good family history of repayment back to the bank when they have taken loans, because that is the bank in town. They have been longtime customers of this bank. In many instances, the bank employees and the people in the bank have grown up together. They know each other, but they also understand seasonal income. When you are a farmer and rancher who doesn't come in with a W-2 every single week or every month--it comes in seasonally--they understand the credit restrictions there. A banker, named Debbie, at the Farmer State Bank of Allen wrote me this and said: Between the Ability to Repay and Global Cash Flow analysis, particularly for a bank of this size, these new rules take our time away from doing what needs to be done--caring for our customers. We have 12 employees and we're treated the same as JPMorgan Chase, or Goldman Sachs--both of which have an entirely different business model of operating.…”