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[bob ford <bobford79 AT yahoo.com>]

I don't know he inner workiings of the retail banking system.  But, from what 
I have read, most of the banks that are worrying people are smaller regional 
banks.  I think a couple of state/local banks went under yesterday. 

 I read these articles and then don't know how to find them again.  If I 
bookmark all of this stuff, I just end up with thousands of bookmarks.  
...bobf



----- Original Message ----
From: "Clansgian AT wmconnect.com" <Clansgian AT wmconnect.com>
To: homestead AT lists.ibiblio.org
Sent: Sunday, September 21, 2008 3:25:12 PM
Subject: Re: [Homestead] Buddy, can you spare $700B.


> Actually, I think you are wrong, the little banks will be gone to a large 
> extent.  This is because this depression, panic, what ever you want to call 
> it, is not about the mortgage crises, it really is about the consumers.  

While you make an important point, that credit limits on cards and such will 
be sharply curtailed, I'd have to go with Lynda on this one.  Small banks 
depend on deposits of actual cash assets while the big banks depended on the 
continuousl swapping about of credit to create the illusion of assets.

An overall depressed economy will affect small banks, but I would not be 
surprised to see most of them surviving.  </HTML>
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