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You Are Here: Heartland News : Stop the Shake Down. Fix Too-Big-To-Fail.

Stop the Shake Down. Fix Too-Big-To-Fail.

19-Nov-2009


Americans have had enough of the nightmare of irresponsible big institutions getting bailed out by the U.S. government using their tax dollars. Citizens on Main Street should not have to pay for the risky behavior of corporate giants on Wall Street.

 

In contrast, community banks exist to protect and provide for their customers and their communities.  In thousands of cities, towns and rural areas across the nation, community banks help consumers achieve their dreams – from starting a small business to financing a home to paying for a wedding or sending kids to college. And because community banks are highly capitalized and well-regulated, they are more likely to avoid risks than the big banks

 

Too-Big-To-Fail Hurts Us All

 

No financial institution should ever become so large and powerful that it can’t be allowed to fail. When giant corporations are propped up by taxpayer dollars, this preferential treatment hurts us all through lack of competition, fewer services, higher prices and slower economic growth.

 

Too-big-to-fail is a failed policy. For the sake of hardworking Americans and the future of our economy, tell Congress to cut these giants down to size and make them pay their fair share.

For more information on this article, please visit http://www.mycommunitymybank.org/factsheet.php .


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