Small banks pushing back on regulatory overhaul
Broadcast: Midmorning, 08/04/2009, 9:06 a.m.
Community and small banks are lobbying with a charm offensive in Washington against what they perceive to be the Obama administration's financial regulatory burdens. Small banks argue that they're not part of the "too big to fail" problem.
- Bert Ely: Adjunct scholar at the Cato Institute and a principal of Ely & Company, Inc. He is an expert on monetary policy and the regulation of banking and financial services.
- Noah Wilcox: Director of the Independent Community Bankers of Minnesota and president/CEO of Grand Rapids State Bank.
- Stephen Verdier: Senior Vice President and Director of the Congressional Relations Group for Independent Community Bankers of America. Between 1976 and 1983, he was on the House Banking Committee staff and helped draft major banking legislation.