Waller: Local economy will weather financial crisis
A conversation with Pete Waller, president of First National Bank of the Rockies in Meeker and Rangely:
Question: What was your take on the government bailout? A good thing, or a bad thing? Was it the only option available?
Answer: The “bailout” really isn’t a bailout. The firms that originally purchased the assets that are declining in value, sometimes substantially, will suffer the losses because the government will…