Progress Through Business, Inc.

Copyright 2008. Progress Through Business, Inc.

Fannie Mae, Freddie Mac Takeovers Have Major Impact on Community Banks

[From the Wall Street Journal] With big banks looking like they’ll be unstable for a while — and therefore hesitant to lend — small businesses may be turning more and more to community banks.

As small businesses themselves, these neighborhood institutions have generally been considered more stable than their bigger brethren, largely because they didn’t put so much money into highly leveraged off-balance-sheet investments.

But that doesn’t mean they’re immune from the problems swirling around Wall Street. [Follow link for the rest of the story]

http://online.wsj.com/article/SB122212558463765111.html

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