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Reply #20: And many of these banks receiving [View All]

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JerseygirlCT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-19-08 09:45 PM
Response to Reply #19
20. And many of these banks receiving
the bailout money are apparently using it to buy other banks, if the news reports I'm hearing are correct?

That makes sense?

I mean, to some extent, I do understand economies of scale. one community doesn't need 15 banks, maybe. But if any one organization's demise would cause serious, perhaps mortal problems throughout the system, then aren't they too big?

I'm not a genius with all this, but it seems to me that this is where the role of regulation comes in.
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