Good Ideas from Unexpected Places Will Get Us Through
I read this article from the Washington Post http://www.washingtonpost.com/wp-dyn/content/article/2009/02/10/AR2009021003583.html about a small bank in North Carolina that found a creative way to use the $20.5 Million in TARP money that they received to stimulate their local real estate market. The bank was a well managed bank with solid assets and no bad loans on its books. This small town banker whom Timothy Geithner probably never heard of has thought of a creative use for federal money that creates a win win win situation and will definitely have a positive impact on the local economy. I think that the solution to the current economic mess is going to come from unexpected places and it will be ordinary people applying creative thinking and seeing opportunity instead of disaster that will eventually bring us back from recession. The days of the Wall Street tycoons is hopefully over.
