The Long Term Effects of Banks on the Economy

Small banks are sort of at the epicenter because small business is such a huge driver of employment in this country. If those banks are compromised, which I think we all agree that they probably are, almost by definition, the customers that they serve will be compromised. So if their access to credit sort of gets difficult or almost entirely goes away, the breaks are going to be put on the economy in a meaningful way. But as Guy already said, it's not systemic and we'll probably see this sort of a halo of this over the next few months.

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