Arkansas Bankers Association CEO on Community Banks and Financial Reform

Ken Hammonds, CEO of the Arkansas Bankers Association, writes in Arkansas Business this week on financial reform making its way through Congress. Reform is needed, Hammonds says, and some proposals on the table are on target. But others go too far or not far enough, he says.

The biggest problem, however, is that traditional, community banks stand to be over-regulated:

Traditional banks didn’t bring about the financial crisis.┬áTheir mission is, as it has always been, to serve their local communities and make credit available to consumers and small businesses.┬áThe bill before the Senate unfortunately contains provisions that would hinder their ability to do this effectively and to provide the credit the local economy so badly needs to get back on track.

The full article is available here.

Meanwhile, Democratic U.S. Sen. Chris Dodd’s financial reform package moves forward. Dodd has tentatively agreed to include Arkansas U.S. Sen. Blanche Lincoln’s provisions on derivatives — which the Democrat touted during two weekend debates in Little Rock — in his legislation.

Also

Entrepreneurship educator Jeff Amerine of Innovate Arkansas thinks financial reform could be a “start-up killer.”

Blake Rutherford cites an ABC News poll showing public support for reform.

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Another Arkansas Twitter Update

Just when we thought this thing had peaked, new Twitter users keep piling in. Admittedly, some in the list below have been around for few days, but we’ve not had a chance to call them out yet.

Consider yourselves called.

This week: A preponderance of THV-ers. I guess our quick seminar worked!

U.S. Rep. Mike Ross: http://twitter.com/RepMikeRoss

Innovate Arkansas, a program helping Arkansas entrepreneurs bring ideas and products to market: http://twitter.com/innovateAR

Jonathan Dismang, state representative: http://twitter.com/dismang

Werner Trieschmann, former Arkansas Democrat-Gazette writer, editor; playright – http://twitter.com/wernertplays

Ross Cranford, CJRW ad man, iPhone early adopter: http://twitter.com/rosscranford

Tom Brannon, KTHV – http://twitter.com/wxrunt

Becca Buerkle, KTHV morning show producer – http://twitter.com/beccabuerkle

Meredith Mitchell, KTHV – http://twitter.com/THV_Weathergirl

Neil Sommerlatte, KTHV – http://twitter.com/NeilSommerlatte

Jessica Duff, KTHV Web reporter – http://twitter.com/jduff84

Rob Hatfield, KTHV director – http://twitter.com/kthvdirector

THV This Morninghttp://twitter.com/THVThisMorning

And of course, you can see more in our ever-expanding, unwieldy, unorganized Arkansas Twitter Guide.