….There will be no recovery in the availability of credit or jobs in the US economy until the Obama Administration restructures the largest banks. Maybe if President Obama spent more time doing his job and less time on the basketball court we’d get some results. Earlier this week, we were in Evansville, IN, to give a breakfast talk sponsored by the Networks Financial Institute at Indiana State University entitled “Does America Need a New Deal?” The crowd of bankers and local business people had two issues on their minds: growth and jobs. After the talk, we received this thank you note from a reader in the heartland: “Don’t quit. Don’t stop. Keep hammering them. We out here in everywhere-else-ville are listening, watching, and hoping that the entire edifice crumbles into dust, so we can get this damn government and financial oligarchy off our backs and start rebuilding the real America.”
Q3 2010 bank ratings: Little banks improve, TBTF zombies rot
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