Monday July 30, 2012
Tom Frost, CEO Emeritus of Frost Bank writes on Too Big to Fail TBTF banks.
Tom's Uncle Joe was right, take care of the deposits and the returns come.
Professor Elam
Accounting & Investing Info for San Antonio A & M
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Posted in Financial Acct
One response to “Tom Frost on Too Big to Fail”
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Tom Frost’s article is very consistent with Frost Bank’s corporate culture of providing superior customer service and focusing on the East Texas market. Frost Bank CEO Dick Evans has supported these aspects in past interviews; stating his disapproval of TARP funds and big banks’ bad habits. Given the political aspects that deter a reinstatement of Glass-Steagall, I believe Tom Frost provides an excellent compromise with FDIC funding for traditional banking activities only. Also, the Fed has a responsibility to raise required reserves for banks to keep them solvent. It should be important to note that while the big banks play with high-risk securities and charge creative fees, Frost Bank made record profits in 1Q 2012 primarily from loans.
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Professor Elam 
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