Letter to the Editor: Lamenting a community bank's changes

Letter to the Editor: Lamenting a community bank's changes

There are a lot of financial concerns right now, but two items that I think were lost amid recent headlines stand out to me. In a world where the financial danger signs seem to be everywhere, it’s easy to overlook the warnings that affect us the most. For proof, let’s dig into and beneath a few headlines, specifically “Day Trader Army Loses All the Money It Made in Meme-Stock Era,” and “U.S. household debt nears $16 trillion, driven by mortgage action.” It’s easy to read stories on these subjects without internalizing just how close they hit to home. The day-trader/meme-stock story, for example, amounted mostly to snickering at new/naive investors, but no one should be laughing. Morgan Stanley’s trading team estimated that amateur investors are now exactly where they started …
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