Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

U.S. Policies Undermining Community Banks

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-11 08:33 AM
Original message
U.S. Policies Undermining Community Banks
http://www.creditwritedowns.com/2011/04/u-s-policies-un...

According to Louis Hernandez, U.S. government policy is geared toward the too big to fail banks and this undermines community banks and Credit Unions which serve small and medium sized businesses. His contention is that there is a vast difference between 'main street banking' which serves local communities and SMEs and 'wall street banking' geared toward large global enterprises. In his view, to create jobs policy needs to look more to sustaining community banks and credit unions, which have lower charge-off and delinquency rates than large banks, which get subsidized funding because of the perception that they are too big to fail. Hernandez, author of the book "Too Small to Fail," talked to Pimm Fox this past Monday on Bloomberg Television about what he thinks should happen to correct this bias.

Video at the link --
Printer Friendly | Permalink |  | Top
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-11 08:33 AM
Response to Original message
1. recommend
Printer Friendly | Permalink |  | Top
 
bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-11 08:35 AM
Response to Original message
2. Small banks don't make big political "contributions". nt
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Sep 16th 2014, 04:46 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC