Title: RE: [PEN-L:30338] Re: RE: Re: Re: Re: congress and the banks
Michael Perelman writes:
The local monopolies of banking -- especially in rural areas -- also
tended to make the risks of banking failure more local. Sort
of like an electricity grid. When it is more local, failures
yes, but the contagion is more likely the more integrated the system.
On Wed, Sep 18, 2002 at 08:52:45AM -0700, Devine, James wrote:
Michael Perelman writes:
The local monopolies of banking -- especially in rural areas -- also
tended to make the risks of banking failure more local. Sort
In a message dated 9/18/2002 12:27:43 PM Eastern Daylight Time, [EMAIL PROTECTED] writes:
yes, but the contagion is more likely the more integrated the system.
I agree, though not just viewing contagion as a local vs. national issue, but as a single financial service provider vs. financial
Devine, James wrote:
Michael Perelman writes:
The local monopolies of banking -- especially in rural areas -- also
tended to make the risks of banking failure more local. Sort
of like an electricity grid. When it is more local, failures are more
common, but localized. When a more
