Quote:
Originally Posted by Braincase
Economic power is being consolidated. Smaller independent banks that took too many risks are being absorbed by the uberpowerful banks (families) that have the reserves.
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Actually a lot of the smaller, independent banks are doing quite well. Most of them couldn't afford to get involved in the sub-prime mess. They had to do business the old-fashioned way, and so for them it's business as usual, only all the big guys who usually take all their business are closing their doors.