Wednesday 21 March 2012

Dodd Frank Could Shutter Many Community Banks Former FDIC Chair. Is it ?


If past is any indication then community banks should also be held to same level of regulation, as history shows they pose a bigger threat to the economy than the big banks. since 2007 total number of failed banks are 430 and majority are community banks (except Lehman). So even if it mean a few more failure but ultimately it will serve to make industry robust.



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