Many small banks around the nation are being affected negatively by the recent debacles of the big banks. Small community banks are being scrutinized more so by the federal regulators then the big banks. The smaller firms feel they had a minuscule contribution to the economic crisis of present compared to what has developed from the freeloading of mortgage loans by big firms. The federal regulators should not be scrutinizing the small community banks, but encouraging the little banks to loan to get our economy back on track. The federal regulators should have all there man power focused on making sure the big firms are using the 700 billion dollar bailout correctly. Obama needs to keep true to his words of change so our country may one day stop penalizing the smaller businesses of America.
Cody Chivas
P0S 1041
T/R 11:35
Wednesday, April 22, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment