2 ms·
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 ha
by robg 17y ago
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?
- jacquesm 17y agoPossibly, 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.