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Okay Sat ,fishy and others with a bearish view
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milofarmer1
Posted 10/18/2015 21:38 (#4846636 - in reply to #4845907)
Subject: RE: Okay Sat ,fishy and others with a bearish view



Texas/New Mexico Stateline
The "keeping the bank examiners" happy is probably the most likely reason behind the request. Banking regulations have become a total nightmare, and they are looking at any sort of "risky" behavior to bring the hammer down. A bank can't just simply loan money on a handshake anymore. They don't like it anymore than you do.

Loaning money without any kind of documentation like net worth statements, income tax returns, and cash flow projections is a red flag in today's highly regulated financial system. Red-tape coming from the big Uncle in DC.





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