Posted on 11/10/2012 11:51:44 PM PST by 2ndDivisionVet
There are a TON of banks in trouble. The FDIC just hasn’t been shutting them down.....yet. They are letting banks stay open that have No Capital Left. Two and three times as many bad loans as Capital.
Pick a bank:
http://banktracker.investigativereportingworkshop.org/banks/
Getting rid of all those small banks will do wonders for the unemployment rate. [/s]
How about this:
Small milling company serves wheat growers in Idaho, Wyoming, Nevada, Washington. They mill the flour for the wheat growers.
Last year, Feds clsed down the local small bank with no warning. They cancelled all lines of credit.
Milling company could not meet payroll in their mid-season. Now the Feds are prosecuting the mill for not meeting payroll.
City people who are only politicians just don’t get it.
They have not run a business. They don’t understand anything being seasonal.
Where are you?
A state as well as national authority (FINRA,SEC) can both have requirements that need to be met.
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