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While the mega-banks are floundering, your little local bank is thriving. SeeSmaller Banks Thrive Out of the Fray of Crisis – washingtonpost.com. If you need a loan, go there.
Professor of Literature at Patrick Henry College, the Director of the Cranach Institute at Concordia Theological Seminary, a columnist for World Magazine and TableTalk, and the author of 18 books on different facets of Christianity & Culture.
Well said. When banks aren’t in a community where you can easily describe areas of poor credit risks, banks don’t need to go subprime and they don’t get shellacked.
Until, of course, the government taxes their profits to pay for bailing out big banks who aren’t so smart.
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