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Banking analyst praises community bank model

Meredith Whitney, a financial analyst for Bloomberg who predicted the financial meltdown on Wall Street two years before it actually happened, said in a recent interview that the future of banking is tied directly to its ability to get back to the basics, with local lenders making local loans with deposits funding those loans.

"That's a model that's existed for centuries, and a model that will exist in the future," Whitney told viewers.  "If you know your local borrower, you can make a better-educated loan."  Click here to watch the video.  The "good part" starts at about 6:00 minutes into the interview. 


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