By Martin Olsson
My, how time flies. It has been four years since the financial crises of 2008, wherein all Montanans became familiar with the federal government’s “too big to fail” policies. The Federal Reserve has stated that the 2008 financial crises demonstrated that many of the large banking firms were too large, too levered, and too interconnected and, as a result, posed a tremendous threat to America’s financial stability. Further, economists have noted that the implicit government backing of too big to fail institutions encouraged excessive risk taking and damaged healthy competition in the financial market place.
Despite steps taken by Congress and regulatory agencies to prevent financial institutions from growing once again Continue reading >>> Go local in banking