Too Big To Fail, Too Small To Survive: Small Bank Failures Mount, While Profit At Big Banks Soars

Too Big To Fail, Too Small To Survive: Small Bank Failures Mount, While Profit At Big Banks Soars

On Wall Street, they may be popping the champagne bottles over big bank profits this past quarter. But times are tough for small to mid-size banks around the country as failures mount higher and higher.

The top 10 bailed-out banks -- Citigroup, Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, PNC Financial, U.S. Bancorp, SunTrust and Capital One - have reported combined profits this year of $13.5 billion in the first quarter, $16.8 billion in the second quarter and $11 billion in the third quarter after a massive $18 billion loss in the fourth quarter of 2008.

http://www.huffingtonpost.com/2009/10/29/too-big-to-fail-too-small_n_338387.html