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Comment: Death of the Community Bank

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Death of the Community Bank

The bailout has set up the end of the Community Bank... the type of banking institution that serves Main Street and small business.

Basel III - requires these banks to increase their cash reserves to levels many can't meet. Result - big is going to buyout small, aka consolidation.

http://en.wikipedia.org/wiki/Basel_III

http://www.foxbusiness.com/personal-finance/2012/10/22/basel...

http://www.ft.com/cms/s/0/1c4a46cc-57fa-11e2-b997-00144feab4...

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo