Reliable Information you can use … in an easy to understand format
The Economy Watch
February 12, 2009
Bannon & Co. monitors various media in efforts to best serve our clients.
It occurred to us that not everyone has the time to follow the tumultuous economic news as they would like.
These links to what strikes us as important and interesting perspectives about the economic situation and the legislation that is being addressed this week in Washington are offered for your consideration.
Bill Bannon
Lawmakers Resolve Differences on House, Senate Stimulus Bills
Congress and the White House reached agreement on a $789.5 billion economic-recovery package, clearing the way for final votes late this week on Capitol Hill as of mid-day Wednesday as reported by the Wall Street Journal.
It's a Deal. Uh, Maybe Not. Maybe a Little Premature
The Democratic leadership from the House and Senate are meeting in the Speaker's office, trying to salvage the deal that had been announced earlier according the New York Times Wednesday afternoon.
Congress Tells Bank Chiefs to Lend, Ease Public Anger (Update2)
U.S. lawmakers prodded chief executive officers of Citigroup Inc. and seven banks that got government aid to increase the flow of credit and ease public anger over how the lenders used taxpayer funds in this story from Bloomberg.
RBS Retreat From Global Banking Reveals Financial Protectionism
"Government funding will restrict a bank's future growth, direction and policies," ..."If you can avoid government money, why would you want it?" An international perspective from Bloomberg.
Another Trillion-Dollar Hole
The "fair value" of banks' goodwill could be close to zero according to this Wall Street Journal article.
To see how the downturn in the economy effected neighborhoods served by several community financial institutions, a Consumer Sentiment Study - A Local View was conducted by Bannon & Co. in November 2008.
A follow-up study of consumers' opinions, particularly regarding their financial intentions and the role community based financial institutions can play in meeting their financial goals is being planned after the specifics of the plan are signed into law.
Because the study is shared by a number of financial institutions, the cost to each participant is considerably lower than if the study was conducted individually..
Click here for more information on how a Consumer Sentiment Study in neighborhoods served by your institution can provide key information to refine marketing strategies.
