Texas Insider Report: AUSTIN Texas Many analysts believe that if it wasnt for the oil & gas growth figures here in Texas that the employment and national economic growth figures would be negative instead of positive Sandler ONeill Partners Marc Flaster tells Insiders Jim Cardle.
Flaster knows what hes talking about ... and has been advising many of Texas 950-odd banks for close to 40 years.
The good figures in Texas are overwhelming everything else all across the country Flaster says.
Right now at least youve got a government that doesnt have a plan ... To which you might say Governments not supposed to have a plan. But they are supposed to make legislation that indicates what government policy is and right now we have a government that does not have a plan doesnt have a clue.
As a result in a lot of areas companies are cutting back on expansion said Flaster.
You can talk to most any bank here in town or anywhere in the state frankly and they will tell you that lending money is difficult right now said the Sandler ONeill Partners Founding Principal.
Texas Banking Industry Advisor & Wall Street Investment Analyst Marc Flaster discusses whats driving the Texas and national economies.
