Academic journal article ABA Banking Journal

Managing Risk Is What We Do. Let Us Do It

Academic journal article ABA Banking Journal

Managing Risk Is What We Do. Let Us Do It

Article excerpt

You and I go to work every day because we know the good that bankers do for our communities.

We want to give a customer's vision a chance to succeed and create jobs where there are none. We give back to the community, whether it's scholarships we fund, or a scoreboard we buy for the high school football field, or whether it's a helping hand to someone in town who needs it and never knows where it came from. We all do that.

Those who wrote and supported the Dodd-Frank Act didn't understand how important it is for banks to be free to help our customers grow our communities.

Making loans and managing risk is what we do. It's how we foster economic growth and create opportunity.

So when bankers are restricted in the loans we can make, it has a direct impact on our communities. That's what's happening now. We're in an environment in which taking reasonable chances is discouraged. Sometimes the safe, risk-free option is to do nothing. The result is that we're putting the American dream on hold for too many people.

When that happens, businesses don't get started. Other businesses cannot expand. And jobs cannot be created. All too often banks are forced to say "no" to small business borrowers in our communities who want to grow and create jobs, which is the Number One solution to the Number One problem in America.

That's why we need to speak up for our industry. As your chairman, I want to re-emphasize the importance of grassroots activism to help us get our message across. …

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