Cloutier: Small banks need voice in race to Oval Office
Never one to hold his tongue, MidSouth Bank President and CEO Rusty Cloutier wrote a recent column in American Banker urging community banks to speak out during the presidential primary season.
And though the column is recent, Cloutier’s speaking on a topic that’s been echoed heavily by his industry colleagues over the past year: Community banks, according to Cloutier and other small bankers, are suffering from a regulatory recession while big banks that led to a financial crisis are continuing to roam free:
Over the next decade the community banking industry as a whole may be a much smaller force than it is today.
The community banking industry has the upper hand in the presidential race over the next few months as the caucuses and the primaries in the Main Street states of Iowa, New Hampshire, and South Carolina determine the front runners on the Republican side. In these states, we can make a plight of community banking and our Main Street problems one of the focuses of the debate.
Remember what Tip O’Neill said about national politics, “all politics is local.”
If you live in one of the states that has an early vote in the election of the new president you need to be present at the town hall meetings or small group discussions and vocalize how the small banks in this country are being hog tied by regulations and not able to do business the way we used to help build this great country.
At the same time the people who should have been brought down by what they did to cause the great recession of 2008-present are still doing what they do.
Is it a crime for citizens to photograph, video, or take notes of a police officer in the line of duty, or a right protected by the First Amendment of the U.S. Constitution? Locally, such activity, as witnessed recently, will at the very least result in a night spent behind bars.
David Calhoun and Elizabeth “EB” Brooks are the first two employees of Lafayette Central Park Inc., the nonprofit charged with turning Lafayette Consolidated Government’s 100-acre Johnston Street Horse Farm property into a passive public park. Calhoun was named executive director, and Brooks is director of planning and design.
Episcopal School of Acadiana’s Dr. Joshua Caffery, chair of the school’s English Department, is headed to Washington, D.C., and the Library of Congress as the latest winner of the Alan Lomax Fellowship in Folklife Studies.