Oscar Perry Abello's book emphasizes the vital role of community banking in addressing significant societal issues, such as racial equity and climate change. He notes how the dominance of big banks threatens community interests and advocates for a return to local financial institutions. Historically, community banks have been essential in funding housing, local businesses, and infrastructure, highlighting their importance in societal development. Abello calls for urgent action to empower these banks as a solution to contemporary challenges.
"We've never done anything big in the United States without little banks. Although community banks have always shared the landscape with larger institutions..."
"Abello argues that community banking has a crucial role in addressing urgent social challenges—from developing a racially just economy to preparing for climate change."
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