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And the American Bankers Association holding its annual conference this week and -- protesters but.
-- -- protesting the wrong group.
Jeff Flock is at the convention with.
-- -- -- you made did the point to earlier this hour that perhaps some of the bankers on the inside here -- small backers may agree with some other the concerns of the protesters I.
But talking to -- crichton who is this president CEO of omni bank in Houston.
Yes that's correct and you would be a reasonably small bank -- what's we'll have many get dollars up 400 million okay.
They're out there saying.
Banks are too big.
They're too big to fail -- shouldn't be too big to fail what you say that your.
Small but I believe in capitalism I don't think anything should be too big to fail.
That being said I think we need all size banks.
And I think we need to get back to the traditional banking system the way we operate and my fellow small -- You didn't make any sub prime loans you didn't do any yet purchase of mortgage backed securities why not.
Well everybody said do you purely economic and enough money over there are coming back exactly.
I didn't -- them.
I don't understand it I don't want any part of it.
And what would you say ended in you know you broadly said we need to get back to but I mean -- to capitol that your bank have on hand what percent do you have -- capital.
Depending on how you calculated over eleven person is that enough heated too because you run your business conservative and yet it's funny are you concerned the government's gonna come and say no you -- have 25% cap.
I'm always concerned that they're gonna change the rules if they -- change the rules and require more capital what would that do your back.
We would just -- them because our customers no -- they trust us we have a big base of small business customers that.
Need we need in Houston to.
Grow the economy and keep jobs skilling and I believe that we would -- out and get it because we operate in the conservative man.
An idea -- take one last shot -- of the protesters yesterday you've got -- -- big protesters becoming today we -- -- within the next step ourselves we'll have a live.
Here on the Fox Business -- work that happens do you feel there -- those protests are misdirected or do you understand some of the concerns of the people out there on the street.
I understand that they are concerned because they may have lost jobs I do believe that their protests are misdirected because.
We aren't the banks that did the predatory lending that was going on bank lenders in any case that's.
Where we believe the regulation needs to be.
OK there's that word from a small banker here at the American Bankers Association conference Brian not unlike -- your suggestion earlier in the hour.
Some of the protesters that backers may -- could have a -- You know -- it's.
Not all the case but Jeff files talking to John Harrison did the -- -- this morning saying only two of the banks and in you know all the ABA's members actually took bailouts Bank of America and Citigroup that the hundreds -- -- Didn't make mortgage loans they certainly didn't syndicate -- derivatives built off the mortgage loans and often were criticized for not making more loans.
The people that you see behind me and most of them going up to the section -- to hear Sheila Bair is going to be on a little while yet.
Absolutely most of those people absolutely did not do that and they're like to it they did -- the old fashioned way they had profits they have earned it.
That's all right.
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