tag:blogger.com,1999:blog-12897315.post5116226115308187676..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: So How's That Bank Bailout Working?Dad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12897315.post-23264751286659313972009-08-07T13:02:17.671-05:002009-08-07T13:02:17.671-05:00I don't know about FDIC pressure, but my compa...I don't know about FDIC pressure, but my companies line was cut in half in May and we had no say in the matter. We shopped banks but prepayment penalties on loans made it prohibitive to leave. Now we are in our busy season, and guess what, we are applying for a higher line and working with vendors on payment terms. Payroll is a small component of our overall costs so we can't just layoff or fire people to make it up. No line, no product, no sales, then no job.Jeremynoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-83651588382419177372009-08-07T12:53:28.725-05:002009-08-07T12:53:28.725-05:00I have multiple sources in the lender community wh...I have multiple sources in the lender community who --off the record-- will tell you in NO uncertain terms that it's FDIC.<br /><br />Not to say that the FRB, or COC examiners aren't doing the very same thing...Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-22089639638417180002009-08-07T12:28:56.384-05:002009-08-07T12:28:56.384-05:00Do you have a source for the accusation that the F...Do you have a source for the accusation that the FDIC is pressuring the banks to cut credit lines? I know they are doing it on a large scale but my understanding is that the motivation for doing so was an internal one not FDIC pressure.<br /><br />I'm not trying to be difficult, I just haven't seen anyone talking about this move in great detail. It seems to run contrary to the Fed's policy right now and if true, it would be disappointing news.J. Struppnoreply@blogger.com