ABA Banking Journal - October 2012 - (Page 10)

bank notes President Obama Governor Romney aba senior lobbyists look at what’s likely to change—and what won’t, no matter who wins next month It may seem counterintuitive to predict anything past Nov. 6, given the highstakes atmosphere surrounding this year’s presidential elections. Yet the possible outcomes are relatively few. The principal one is obvious: Either President Obama wins reelection or Mitt Romney gains the White House. While it’s possible the Senate could change hands, neither side is likely to have a 60-seat majority. No one is predicting a change of control in the House. Bottom line: “We’ll still be dealing with a divided government,” says Ken Clayton, ABA executive vice-president for legislative affairs. Though the possible outcomes are few, the significance of a change in the White House would be major. “Bankers are very interested in this election,” observes Jonathan Felts, senior vice-president of grassroots and political operations. “They recognize that their ability to serve their communities will be affected dramatically.” “Whoever populates the government,” says Chief Operating Officer Mike Hunter, “we’d like to see a more sensible approach to how government is approach10 | ABA BANKING JOURNAL | october 2012 white house & romney Photos: sPirit of america/shutterstock.com obama Photo: christoPher halloran/shutterstock.com Post-election possibilities

Table of Contents for the Digital Edition of ABA Banking Journal - October 2012

ABA Banking Journal - October 2012
Contents
Chairman’s View
Editor’s Column
The Economy
Bank Notes
Picture This
Ag bank rebrands—literally
Pass the Aspirin
Tech Topics
Ready for the leadership ride
Community Bank Survival: Matter of attitude?
Card biz: Playing the hand you’re dealt
ABA At Your Service
100 years of service to farmers
Compliance Inbox
Legal Issues
First Person

ABA Banking Journal - October 2012

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