Do Big Banks Care
About You?
This Company Doesn't
Think So Either
Last November, StoneCastle Financial went public to little fanfare.
The company, a closed end investment vehicle, raised a hair over
$110 million to be used to invest into U.S. community banks.
As of yet, the company hasn't reported any quarterly financial
information, and it will be some time before management is able
to fully deploy this capital. So while I'm hesitant to invest in
StoneCastle today, I am absolutely excited about what this
vehicle represents. Here's why.
Bank of America and other mega banks are bulliesThe concentration of assets in the U.S. banking industry is mind
blowing. Its the root cause of "too big to fail." It's a driving reason
why a handful of banks can pump and then dump the U.S.
economy with sub-prime loans, and its the reason that the
without any meaningful repercussions for those responsible.
Change is here! Right Now! Starting with You!
No comments:
Post a Comment