Forbes was kind enough to publish an article discussing the financial collapse from the perspective of one of the few smart bankers left in the country, Andrew Beal owner of Beal Bank. Here are a couple of quotes to take to heart:
The FDIC’s stated purpose is to “encourage liquidity in the banking system,” and Beal would love the extra capital, but FDIC staffers have told him, without providing details, that the program was not designed for him.… read more “Great Article on Financial Collapse”