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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Small Banks Doing Fine
  • Date: Fri, 26 Sep 2008 07:33:04 -0700 (PDT)

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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