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Bank "Joke"
I can still talk to young business people who after jumping through hoops for banks to get loans have some junior college twerp banker blow them off by saying their business isn't up to (their banks) standards or some such nonsense. Since I have been in business I have had four banks go under (industry term "merge" see: Bear Stearns) I tell these young people you have to now enter conversations with a bank asking them if THEY will still be in business during the term of the loan. I often bring up (in business since 1971) how many banks I have dealt with that have gone OUT OF BUSINESS. Man do they squirm! They get all blustery and toss out safety catch phrases like " Oh NOooo they Merged" blah blah blah. reference The American Bank, First Union, First Florida to mention a few. These guys folded during the "boom" times.... Watch Watchovia.....Watch Nationsbank.
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