Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at thinking, intelligent individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

22 March 2009

A Bank Without Bad Loans Criticized

The Boston Business Journal reports that the East Bridgewater Savings Bank has no bad loans. One might think that this is a good thing, especially at this time. A review by the FDIC, however, criticized the East Bridgewater Savings Bank for not making enough loans in its Community Reinvestment Act area. It was urged to replace its careful loan evaluations and to make more and more risky loans. This really does happen!

2 comments:

josh said...

Shouldn't we all strive to be the "Banker with a Heart?" :P

Charles R. Anderson, Ph.D. said...

Hi Josh,

You are referring to the nice banker in Atlas Shrugged who left his depositors without a dime after having so much heart that he had lent all of the bank's depositors' money to incompetent businessmen no one else would lend a dime to, right? Yes, as you see, we really are living in the end times described in Atlas Shrugged. Who is John Galt?