Wednesday, November 28, 2007

Some Florida Banks to Avoid just ran an article about some Florida banks that are feeling the squeeze due to not only bad mortgages (as you've heard by now Florida has a lot of) but also bad construction loans that developers are defaulting on.

I'm all for the local bank. I believe in supporting the little guy. And I know my money would be safe (FDIC insured, etc.). But for now my money is with one of the big boys, at least until we learn a little more about this mortgage/construction loan fallout.