2min chapter

The Prof G Pod with Scott Galloway cover image

State of Banking, Media, and AI — with Andrew Ross Sorkin

The Prof G Pod with Scott Galloway

CHAPTER

The Problem With Community Banks

The idea of killing community banks is terrible because they actually are working in the community. A bank that loans out 500 bucks on 100 bucks in deposits, I mean, that's leverage and growth. But couldn't you make an argument that a small number of ring fenced bank failures is a sign of a healthy economy? It's like, well, okay, Senator Warren, get ready for a very, very low growth economy.

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