End Big Banks

Camden Fine, Independent Community Bankers of America President and CEO:

[Wall Street banks] hate us. Why do they hate us? Because, guess what? We support the Volcker Rule. We support breaking up the Too Big To Fail Banks. My banks are treated like second class citizens. My banks are the only free market entities in the financial system because we can fail. We can succeed and we can fail, and they fail on Friday nights, but if you’re on Wall Street, if you’re $3 trillion in size, guess what? You can do any bonehead thing you want because the government’s going to come in and bail you out.

Quoted in “Citigroup, JPMorgan, in Bizarre Small Bank Love Triangle: Street Whispers,” The Street, 12/3/12.