John Williams wrote: > > It appears that small banks are doing fine, taking in deposits > and lending money to small business that are a good risk. > It seems we may be observing an active period of market evolution, > where the larger and highly leveraged institutions are failing > and a diverse group of smaller institutions are thriving. It > seems the market is attempting to > select for smaller institutions, with many larger ones failing. > Unfortunately, the politicians don't like this and seem to want to > prop up the larger institutions instead of letting them fail: > So, you mean that - like the previously mentioned biology methaphor - it's as if an asteroid hit the market, killing the huge predators, but leaving room for the small predators. If the biology methaphor applies, it will take a few years for some of those small banks to grow to dinosaur size.
Alberto Monteiro _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
