Noted the following quotation in the newsletter of the North Carolina Bankers Association (don't worry I read it in private, so nobody knows!) attributed to Mr. Neil Smith the late CEO of First Savings and Loan of Mebane (NC):
"There will always be the need for a small town thrift....
unless we are regulated out of business."
A voice from the past: First S&L of Mebane no longer exists.
If you replace the word "thrift" with the phrase
"credit union"...
 |
| A "well-regulated" small town thrift industry ! |
... a forecast of the future?
1 comment:
Same result for a country with a large central government.
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