I’d like to direct your attention to an in-depth, three-part series on the troubled community banking industry by the Star Tribune newspaper in Minnesota.
Here’s a link to the project:
The paper has gotten very positive reaction to (brace yourself) their investigative journalism. The state Legislature is holding hearings on banking regulation in Minnesota as a result: State Senate plans hearings on banking regulation.
Here are links to the main stories:
Part 1: Minnesota’s small banks on the brink
Part 2: Credit unions: where the credit flowed too freely
Part 3: As loans grew, regulators shrank
Click for bigger chart
State Senate plans hearings on banking regulation
State lawmakers will explore limiting real estate lending or beefing up the Commerce Department regulation staff
Star Tribune, July 29, 2009 – 8:49 PM
How’s your bank doing?