Does the USA need a perestroika?

[ckmlb]

Kasz216 said:

ckmlb said:

Kasz216 said:

Except small local banks didn't take on bad loans and suffered because of it.  Not many anyway, because they were much more conservative in their lending polcies because they had to be... and because they couldn't afford to be in the loan securities swapping buisness.

List of small banks under high stress, because of bad loans that they were generally unprepared for:

http://www.msnbc.msn.com/id/29619237/ns/business-us_business/

368 of them.

Wow 368.

It's a good thing there are 8,400 banks and chains that have 500 million dollars or less in assets.

You said there were not a lot of small banks, I didn't say it was the majority of small banks.