Jul 16, 2011

Big to small banking

When a bank is shut down, it is always a small bank that is shut, with its assets being handed off to a large bank.

That process should be reversed

When the banking system used to work, it was because local institutions, with their hands on the pulse of its own community, were the standard. Consolidation and de-regulation changed all that -- and we all know what happened.

Reverse the curse.

1 comment:

Anonymous said...

but i thought bigger was always better?