Comments on: Small banks punished for solid business model

By: Dave in EH

Dave in EH — Fri, 28 Nov 2008 01:44:57 +0000

First of all, let us correct the failure to use proper English nomenclature. The small banks are not being bailed out because they don't *need* to be bailed out. It is bad enough we're showering the failures with money, we need no start "rescuing" out the successes, as there is no need.

Second, despite the first, they have a legitimate beef — too much is being done for the failures. Their re-capitalization from the public trough goes too far. This is, however, if not a separate issue, at least a different problem than the small bank say it is.

Thirdly, Dims has it in one — credit unions are your best friend.

By: Dimsdale

Dimsdale — Wed, 26 Nov 2008 13:27:39 +0000

"Too big to fail" is a direct result of too many big mergers, which usually just cut jobs and competition.

Best deal in town: credit unions.

By: Rick - WH

Rick - WH — Wed, 26 Nov 2008 02:52:04 +0000

If you haven't heard or read Catherine Austin Fitts on the big banks and the so-called bailout, it is really essential that you do so. She appeared this morning (show date – 11/24/2008) on Coast to Coast AM with George Noory.

Catherine echoed many of the thoughts on yesterday's Sound Off Connecticut Show. The "bailout" is not what we are being told it is.

I will try posting a recording or a transcript if possible.