Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $11,742
14%  
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Keyword: poorbanksters

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  • Banks' Regulatory Hell

    08/15/2011 5:10:39 PM PDT · by Kaslin · 3 replies
    IBD Editorials ^ | August 15, 2011 | Staff
    Regulation: A Texas bank is preparing to shut down. No, it's not a failed institution being closed by federal agents. It serves its market. It makes a profit. So what's the trouble? It's sick of the heavy hand of government. Main Street Bank of Kingwood, Texas, is a modest business. It has four branches and employs 60. It earned $11 million in the last year. The 27-year-old bank seems healthy. The business climate it operates in, however, is not. "The regulatory environment makes it very difficult to do what we do," Main Street Chairman Thomas Depping has told the media....