Many community banks that had at first thought they might participate in the bailout funds, now on further review are deciding it is not in their best interest to do so----I call this the Katrina Banking Syndrome Concern-----the banks must be concerned that the same organizational incompetence that came to the non rescue of Katrina victims, may be the undoing of those involved in the bank bailout.
Click on the post for the story in Yahoo.
Friday, January 30, 2009
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