Ross A. Hill: For The Record

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Thursday, January 28, 2010

For The Record

Sometimes when we hear speeches that sound good we tend to believe what is said. Too often that is a mistake.
FDIC records show that 98.5% of the nation's depository institutions are community Banks.

Last night we heard " We can’t allow financial institutions, including those that take your deposits, to take risks that threaten the whole economy".

AIG is not a Bank. Lehman Brothers in not a Bank. Merrill Lynch is not a Bank. GM is not a Bank. Chrysler is not a Bank.

1 comment:

  1. Had a feeling you would have some thoughts on that last night. Totally agree with you.