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Off-Topic Discussion => General Discussion => Topic started by: Mars on December 05, 2008, 03:24:00 pm

Title: Small companies in current economy . . .
Post by: Mars on December 05, 2008, 03:24:00 pm

Why can't they just switch to smaller local banks for loans?

Title: Re: Small companies in current economy . . .
Post by: dragonsniper on December 05, 2008, 04:16:21 pm

Greed possibly... Larger banks, more money?

Title: Re: Small companies in current economy . . .
Post by: Kosh on December 05, 2008, 04:54:50 pm

Or because most of the small local banks got bought up by the big national banks.

Title: Re: Small companies in current economy . . .
Post by: Mars on December 05, 2008, 05:56:30 pm

Well for instance, here in Colorado we have a local bank called 1stbank that is doing quite well. You'd think that all the companies who get their capital from Chase, ect would be transferring.

Title: Re: Small companies in current economy . . .
Post by: Polpolion on December 05, 2008, 06:04:37 pm

There are no smaller local banks to turn to.

Title: Re: Small companies in current economy . . .
Post by: Mars on December 05, 2008, 06:17:52 pm

But there are

Title: Re: Small companies in current economy . . .
Post by: Scuddie on December 05, 2008, 06:54:47 pm

No.  Smaller banks get much of their loans from larger banks.  Therefor, no smaller banks.

Title: Re: Small companies in current economy . . .
Post by: Mars on December 05, 2008, 07:47:34 pm

Oh . . . that does make sense  :sigh:

Title: Re: Small companies in current economy . . .
Post by: Bluecap on December 06, 2008, 01:23:33 am

I think http://www.youtube.com/watch?v=mzJmTCYmo9g (http://www.youtube.com/watch?v=mzJmTCYmo9g) is all we really need to know.