Re:Move Your Money to Community Banks
by robg on Thursday December 31, 2009 @06:12AM
(#1024130)
No doubt. But isn't a big part of that in 2009 because local banks were encouraged to take bigger risks than they normally would have? I mean, if they didn't have mortgages to bundle for Wall Street, would their more conservative policies have helped them to survive?
[ Parent
| on HN ]
Possibly, but not certainly. Small banks fail for a variety of reasons, not in the least because of their inability to absorb a single larger loss.
Traditionally the 'credit union' is the bank form with the lowest rate of failure.