David Barr
David Barr
behind decision delay hearing hold needs scenes
We don't think that this will delay a decision on the application. There's still a lot that needs to be done behind the scenes on the application. While we're doing that, we can hold a hearing simultaneously.
benefit eating eroded inflation insurance limit low periods relatively
The benefit is if you have inflation, the deposit insurance limit will not be eroded and keep up. And if you have periods of relatively low inflation, that low inflation wouldn't be eroding or eating away at the insurance limit.
assets failed half literally lost overnight
It literally failed overnight from fraud. Half the assets were completely gone. A lot of retirees lost their money.
received
We've received 1,150 comments. Usually, if there are more than a half-dozen comments, that is high.
early estimates financial loss
too early to have any estimates of the financial loss to banks.
bankers customers mandate measures provide risk safeguard security tailor
The risk assessments provide bankers with more flexibility to tailor security measures to better safeguard their customers . . . than would a mandate from regulators,
bottom cut hold line million voted
The bottom line is we just voted to cut $2 million out of our budget, yet we're going to hold on to a May election. It comes down to cost.
date remain withdraw
Your deposits will remain insured up to $100,000 even after the date change. But once you withdraw it, it's yours.
amount chip ensuring inflation insurance longer
This is a way of ensuring that inflation will no longer chip away at the amount of deposit insurance coverage.
computer earlier financial fishing january month personal spread
One that went out in January was fishing for personal financial information. One earlier this month spread a computer virus.
depends gauge hard information might whether
It's really hard to gauge timing. A lot depends on what negotiations might have to be made and whether we need more information from the applicant.
banks cut individual starting
It's up to the individual banks as to when they ratchet those (relief measures) down. Some are starting to cut back a little.
capital cushion good
They've got a good cushion of capital there.
disagree facts strongly supported
We strongly disagree with the ruling. It's not supported by the facts of the case.