A Thrifty Proposition

One of longest-running and most profitable activities in the history of Wall Street is thrift conversion. Mutual thrifts were formed early in the last century to serve local communities. They are owned by the depositors, provide decent interest rates and protect capital. Most thrifts are extremely conservative and make very smart loans with low loss rates.

Then in the 1970s, banking regulations changed and mutual thrifts that desired to be public companies converted to stock ownership, creating a profit opportunity....642 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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