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[bob ford <bobford79 AT yahoo.com>]

Thanks for the link.  this really is becoming confusing.  Weren't most banks 
"local" type banks during the Great Depression?   
 
Until this link, practically every article I've read, said  (for example)this 
credit crisis would keep the local mom & pop shoe store from placing their 
orders and effectively shut down even small-town main streets.  I do wonder 
of the house repubs are right and this is just a ploy to further enrich the 
Fed and the flying monkey boy bankers.
 
Of course, doesn't help me much; thousnads of banks (branches) here, but I 
consider Morgan/Chase my hometown bank, now. I use to bank at a bank with 
Arizona in the name (first arizona?), but they were bought out by the bank 
that was bought by the bank that was bought out by Chase.
 
 Maybe all of us banking at large nationals should switch our accounts to 
small locals; But, then wouldn't, because of size, the small locals become 
the new large nationals? ..............bobford
 
 



----- Original Message ----
From: "Clansgian AT wmconnect.com" <Clansgian AT wmconnect.com>
To: homestead AT lists.ibiblio.org
Sent: Friday, September 26, 2008 6:28:45 AM
Subject: [Homestead] Small Banks Doing Fine

We've touched on this in several of the threads.  It is NOT the small banks 
that are at risk as much as large banks.  Prima facia evidence is that your 
small bank is still doing fine and one of the largest in the world (WaMu) 
just 
failed.

http://tinyurl.com/47v3cg

"At the same time, many smaller banks said they were actually benefiting from 
the problems on <A 
HREF="http://www.washingtonpost.com/ac2/related/topic/Wall+Street?tid=informline";>Wall
 Street</A>. Deposits are flowing in as customers flee 
riskier investments, and well-qualified borrowers are lining up for loans.
"We collect money from local savers, and we lend it in the local community,
      </HTML>
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