Former Treasury Secretary Larry Summers was asked about Basel and he said, quote, we're going to need to prepare for consolidation in banking in the future, quite possibly some even further evolution of lending away from banks. Now, I'm going to note here that Iowa has over 250 community banks with assets under $7 billion. His commitment or his comments are of great concern on this consolidation. Do you share concerns about a consolidation amongst banks across America? So, you know, we all. (03:22–03:28)
CLAIM
Asserts the number of community banks in Iowa and their asset size.
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