The Research Design Associates Blog

Much to my chagrin I found out that MY small local bank failed last Friday. was interested in a bank serving the local community and accountable to it in preference to multinational investors. I’m a bit stuck on real estate loans backed by land and not multiply sold paper. I remain troubled by the creation of the image of wealth or security in the absence of that value during the housing bubble. No I’m not harking back to the gold standard. We do need new financial vehicles. However I want my checking account, credit card and debit card fees to reflect the cost of those transaction, not to be building a pool of money to drive risky Wall Street commoditized investments.