We hear allot about the Government bailout of Wall Street and mega-banks. A common and not unreasonable thought amongst the people is, "how can that help me?"
To be fair, don't forget that billions are being infused into the small and medium sized banking institution as well. Local bank failure can devastate the local community. Local banks establish "real relationships" with people and small businesses. See Anita Campbell's
Death of the Small Bank. Pay close attention to what she says about small businesses that can't get their dream off the ground because Chase Bank or Fleet won't give them a chance. What will happen to a local community if small businesses can't get financing? Be thankful local banks are getting aid. Review
local banks that are eating the Government's cheese. Note also that
restrictions on Executive Compensation do apply!
