BancorpSouth CEO: Don't blame crisis on regulated banks

03/31/2009 | DeSoto Times-Tribune (Hernando, Miss.)

BancorpSouth CEO Aubrey Patterson said in a speech last week that the nation's banks are not to blame for the financial system meltdown. "Commercial banks are not where problems have been generated," he said. "The nonregulated sector is what got us in the fix we're in. It was the hedge funds and the Goldman Sachs of the world. Our regulated industry has continued to perform well even in a slowing economy."

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DeSoto Times-Tribune (Hernando, Miss.)

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