Comments on: Bank bailout yields Collateral Damage, Double Standards, Poor Solutions http://www.dismountingourtiger.com/sustainable-economies/bank-bailout-yields-collateral-damage-double-standards-poor-solutions/ He who rides a tiger is afraid to dismount Mon, 30 Aug 2010 18:32:05 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Dean Eshelman http://www.dismountingourtiger.com/sustainable-economies/bank-bailout-yields-collateral-damage-double-standards-poor-solutions/comment-page-1/#comment-91 Dean Eshelman Tue, 12 May 2009 03:37:54 +0000 http://www.dismountingourtiger.com/?p=262#comment-91 You said it all. Now how can we as consumers help this process. Gee I have it. Do as I have done. Take all you money and accounts away from Bank of America. The laws of economics will apply and the Bank will fail as it should have. Those who move fastest to move there money to the smaller regional banks will be the winners!! The others who don't make it out will be FDIC insured. Its a WIN WIN for the consumer. May the best small bank win and may the last big bank standing be dismantled by the Feds PS this applies to banks who have been "nasty" lendors too. Doubling payments and interest rates -- like Cass Commercial Bank -- treat them the same. Take it outside and let the consumer win Dean: Thanks for your comments. Large banks, or large competitors in any market, have the advantages of scale which enable them to win against better managed smaller banks and to hide bad management decisions. To solve the problem, the large organizations should be broken into pieces that are small enough to compete and succeed or fail based on competitive merits. Tax, merger and acquisition policies should pro-actively prevent any business institution from becoming large enough to prevail simply on its size. Ed You said it all. Now how can we as consumers help this process. Gee I have it. Do as I have done. Take all you money and accounts away from Bank of America. The laws of economics will apply and the Bank will fail as it should have. Those who move fastest to move there money to the smaller regional banks will be the winners!! The others who don’t make it out will be FDIC insured. Its a WIN WIN for the consumer.

May the best small bank win and may the last big bank standing be dismantled by the Feds

PS this applies to banks who have been “nasty” lendors too. Doubling payments and interest rates — like Cass Commercial Bank — treat them the same. Take it outside and let the consumer win

Dean:
Thanks for your comments. Large banks, or large competitors in any market, have the advantages of scale which enable them to win against better managed smaller banks and to hide bad management decisions. To solve the problem, the large organizations should be broken into pieces that are small enough to compete and succeed or fail based on competitive merits. Tax, merger and acquisition policies should pro-actively prevent any business institution from becoming large enough to prevail simply on its size.

Ed

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