Too Big to Fail, Too Small to Survive
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Too Big to Fail, Too Small to Survive

This is a discussion on Too Big to Fail, Too Small to Survive within the General Talk forums, part of the General Discussion category; As the big banks take over smaller ones, the big banks get more control. Too big to fail for them means too small to survive ...

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Thread: Too Big to Fail, Too Small to Survive

  1. #1
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    Too Big to Fail, Too Small to Survive

    As the big banks take over smaller ones, the big banks get more control. Too big to fail for them means too small to survive for us.

    Our accounts, everything from retirement to savings, will be nothing more than plunder.

    Something to think about, I'd say.

    Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low
    Meangreen likes this.
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  2. #2
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    So, who do you bank with? I bank with a local bank that even stayed open during the depression, has bailed out Lloyd's of London, and been in business since the mid 19th century. There is no national chain bank that I have anything to do with - how about you (all)?



    Denton likes this.

  3. #3
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    The big banks have swallowed all the ones in my town. I do business with a credit union.
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  5. #4
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    I do business with a local credit union.
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  6. #5
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    We bank with USAA, and I also have an account with a small bank system limited to 12 branches in SE Ga/NE Fla. My small town bank was not on the list for having taken federal bail out funds.
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    "There is nothing so exhilarating as to be shot at without result." Winston Churchill
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  7. #6
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    The big banks got the bail outs supposedly help folks with their mortgages. Whether you think this was a good idea or not they didn't do it. They sat on the money continued bonuses to their "talent" We now have the precedent that if you engage in risky financial strategies the taxpayers will bail you out with no effective strings attached money. You continue your lifestyle and working folks take it where the hair is short and curly.
    Denton likes this.

  8. #7
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    Local credit union.

  9. #8
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    Don't think so much of bail-out, think more along the line of Cypriotic bail-in.
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  10. #9
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    Quote Originally Posted by Denton View Post
    The big banks have swallowed all the ones in my town. I do business with a credit union.
    A local credit union. I've been with them nearly 20 yrs.
    Denton likes this.

 

 

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