1min chapter

The Compound and Friends cover image

Responsibly Reckless

The Compound and Friends

CHAPTER

The Impact of Community Banks on the Economy

There's a big difference between four banks and 5,900 whatever the number Having some you know credit unions and regional banks versus 5,200 people banking licenses so firms not to get on a soapbox. There are roots in the community They help like one bank helps successive generations of the same family absolutely Mm-hmm maintain their business or take out another mortgage on a property with time to toss. That's what you lose if you lose these 5,200 banks It's and you might not give a shit and there are people that don't and you might say well Actually, isn't it better if there are seven mega banks that are sophisticated and know what they're doing? I think

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