2 on "The Bailout"

SMALL BANKS ANGRY WITH BAILOUT

ABC News - Wall Street might have been happy with the government's latest multibillion-dollar banking intervention, but many small community banks are asking for equal treatment. main street vs big city banks Some small banks feel the government is ignoring them in favor of big banks.

"I guess appalled is not too strong a word," Cindy Blankenship said to describe her feeling after learning of the government's help for Citigroup. Blankenship and her husband founded the Bank of the West back in 1986. The bank, based in Grapevine, Texas, has since grown to eight locations in Northern Texas and has about $280 million in assets.. . .

"We're sitting there taking deposits, making loans, operating on a very conservative and prudent basic banking business model," Blankenship said. "We simply could not do what the big banks have done."

Blankenship and other small bank owners are upset that the executives leading Citi and other banks are getting help but not being held personally responsible. In small banks, she said, all the key decision makers have a large financial stake in the bank. If it goes broke, they lose their own investment.

"We haven't committed these sins but yet, our reputation is tarnished and yet, we still aren't too big to fail," she said. "We're the good guys and I'm furious about it. There is no equal treatment. I'm not too big to fail. If I had gone out and done what the big banks did, I would have been shut down."

LEFT OUT OF THE BAILOUT: THE POOR

Mark Kukis, Time - As the roster of corporations and financial institutions on line for government bailouts seems to grow, some public policy advocates in Washington D.C. are calling on policymakers to focus more efforts on the nation's poorest. The ranks of the destitute are growing quietly but alarmingly as much of the world focuses on troubles surrounding Wall Street. . .

An estimated 36.5 million Americans currently live below the poverty line, but those numbers will likely increase by as many as 10.3 million if current projections for the depth and duration of the recession hold true. According to the center's analysis, the number of poor children will grow by as many as 3.3 million. And the number of children in deep poverty, those in families living on less than half the wages of the official poverty line, will climb by as many as 2 million.

Signs of the recession's impact on America's impoverished are increasingly apparent. . . The number of people using food stamps has risen 9.6%, or roughly 2.6 million people, between August 2007 and August 2008, the last period for which data are available. Food banks around the country are reporting longer lines even as donations are falling.