Negro banks, as a rule, have failed because the people, taught that their own pioneers in business cannot function in this sphere, withdrew their deposits.
Sentiment: NEGATIVE
Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.
People think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily.
Before the arrival of the Credit Union, people who were from the poor background or a working class background couldn't borrow from banks.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
Many businesses fail because the owner wasn't willing to invest and wasn't educated on the difference between spending money frivolously and investing money into the business for growth, and the risks and rewards of that cash infusion.
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
Gen. Banks has issued an order for the instruction of Negro children. Schoolhouses are to be built or rented and Teachers hired for this purpose, and the farmers and planters are to pay the Taxes in support of this.
People in retail banks are not smart. They have a business model that's quite difficult to not make money out of - but still they somehow manage it.
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