Credit Cards Next On Block

[Jermyn Davidson]

Originally Posted by StMark

George,
It's not wise to do business with small banks. In a reccession and definitely in a depression, they are likely to go under. Many Local banks
are going bankrupt and more will do so in the days ahead.

Wells Fargo is the best bank in the USA. they are one of the few banks
that went unscathed during the depression. They are also listed as
one of the top 10 banks in the world! ( the only one in the USA that
made the list).

St. Mark, good advice, but not applicable to our current financial crisis.

In fact, the smaller, local banks are doing fairly well. So are credit unions.

Neither of which entangled themselves with the bad loans on a wide scale in the first place.

[StMark]

Originally Posted by Jermyn Davidson

St. Mark, good advice, but not applicable to our current financial crisis.

In fact, the smaller, local banks are doing fairly well. So are credit unions.

Neither of which entangled themselves with the bad loans on a wide scale in the first place.

wrong. 22 small banks have gone under this year and more expected in "09.