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View Diary: Why banks aren't lending. (41 comments)

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  •  bubba (7+ / 0-)

    Of course it's difficult to believe anything that comes out of a banker's mouth these days, but yes, I believe them.  I have contacted other business people  and a banker I trust to try to verify their position and I have nothing that does not support it.

    One of my reasons for posting the issue here is because there are so many knowledgeable, intelligent people that if there is any thing wrong with, I'm sure to find out.  If, on the other hand, it is true, then the people here can also help to make this issue known.

    •  so, if i understand correctly, (3+ / 0-)
      Recommended by:
      Catte Nappe, wa ma, polar bear

      this is not really a foreclosure?  You indicate there's no missed payments, but that the note is due to be paid (in full, i presume) within the next 6 months.  At that point, your client will not have the money to repay the note, and the bank refuses to provide another round of financing?  Just want to make sure I'm getting the details right?

      (-8.00,-7.85) 'The idiot is not our greatest problem. It is the moron type that is our great problem." -- H. H. Goddard

      by bubbanomics on Thu Mar 12, 2009 at 03:53:18 PM PDT

      [ Parent ]

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