26 Quotes by David Barr

We strongly disagree with the ruling. It's not supported by the facts of the case.

One that went out in January was fishing for personal financial information. One earlier this month spread a computer virus.

Historically, over the past 10 to 12 years, depositors with excess of $100,000 received 72 cents on the dollar.

We have to balance the ease and convenience with security. If we don't do anything, criminals will become more sophisticated in separating people and their money.

It is likely we will issue rules this year, but we don't have a precise timetable.

When Target applied to open its industrial bank in 2004, we didn't get a single comment from the public. We've gotten 4, 000 letters and witnesses for the Wal-Mart application. The majority are negative. But popularity is not a criteria for an industrial bank.

We expect banks to perform a risk analysis, and, based on that risk analysis, provide an extra layer of security by the end of the year.

We have had some failures in the past where people have had considerable amounts of money in individual retirement accounts. They've suffered significant losses. But that coverage will go up to $250,000 per person when we change this rule.

We disagree with the opinion and don't think it was supported by the facts, which is the main reason why we appealed.