Too Small to Fail

With the big guns in the financial services industry in turmoil, its a good time to ask hard questions about the nature of our finance system. Does bigger always mean better? Or does small-scale "relationship" banking, in which individual savers and borrowers are members of the same community, help to make a better banking sector? Community banks and credit unions were regarded until recently as vestigial players in a new world of global consumer finance. But today they arent merely doing well; they also seem to have a lot to offer.

In this event, New America and the Washington Monthly explore ways to encourage the health and number of small-scale financial institutions as a means of thwarting the tendency toward excessive consolidation in financial services and restoring a mutuality of interest between borrowers and lenders. By encouraging thrift, responsibility, and a sense of community, small-scale financial institutions could play a leading role in digging out from the current recession and avoiding the next one.

Category:

News & Politics

Tags:

• Small
• Banks
• Financial
• Institutions
• Community
• Bailout
• Fail
• Failure
• Bankruptcy
• Recession
• Crisis

[spiritofcourage]

cool and i didnt think that even one person on youtube knew the new america foundation except me...

[kissmybuttdimple]

yep...great stuff... keep it up new america foundation.

[brushes9]

New America Foundation is doing great work. Keep it up. Your impact is huge!

[spiritofcourage]

AWESOMENESS!!!!! my dad is on youtube!!! (he's the one next to the podium at the start of the vid. : ) )