Voted with his feet?_其他_趣味英语-查字典英语网

Voted with his feet?

Says Michael Jones, president of the Institution for Savings in Newburyport, “You’ve got some pretty solid community banks here. They’re probably a better investment than government bonds.”

But there is some irony to this. The local banks that did the right thing are now subject to the same expensive regulations that have been applied to the big banks that got us into the economic mess. It’s an unfair situation that has drawn criticism from people as ideologically diverse as GOP presidential candidate Mitt Romney and U.S. Senate candidate Elizabeth Warren.

We should seek ways to promote corporate responsibility, and the banking crisis is certainly a case in point. Customers voted with their feet and their wallets, and it sends a powerful message.

People who flee from the big banks have plenty of local choices. There’s a healthy competitiveness between our local banks and credit unions, and that is good for the customers they serve.

- Our view: Some banks too small to fail, SalemNews.com, November 18, 2011.

About the author:

Zhang Xin is Trainer at chinadaily.com.cn. He has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.