Nov 6, 2009 US Banking System

Written by Don Creech

Posted on 11/6/2009

This week’s poll asked what people think about America’s banking system. The poll was not scientific and was driven by radio listeners of the syndicated Don Creech Radio Show (www.DonCreech.com) and subscribers to Investor Resources Week In Review email update.

Are some banks too big to fail?

Respondents had strong opinions on the need to keep a troubled bank operating. Nearly eighty eight percent responded in the negative. America is still the land of opportunity which is accompanied by the opportunity to fail. Poor management should be allowed to suffer the consequences of poor decisions.

If a large bank is in trouble is it best to let it fail?

The responses to this were the same as the first. Size is not the determinant of success. Many large companies have been allowed to fail, and companies with better management teams or business plans have filled the space vacated by failure. Consumers are usually better served by the surviving firms.

Should large banks be treated just the same as smaller banks?

Tags: banks, banking, economy