Highland Center, in Southeast Iowa | 1466driver - 4/5/2021 06:27 It was a tough time to be a loan officer then also , they were told to make loans when the good times were rolling by the board and when the storm hit they were told by the board to swing the hatchet . There were guys that got the cut that could have pulled thru but they had sellable assets that could help offset the losses the bank had to take on the loans they had to write off . There were a lot of hard feelings over who got write offs and who got the axe for many years and no it wasn’t fairly done .
Always appeared to me that Farm Credit was really big on selling out the guys who had a chance of making it, because as you say, they had marketable assets. Then the ones that were way too far down the rabbit hole, they bailed out and forgave a ton of debt and got them set up so that many of them are the on-paper BTOs of today. |
Like to hear thoughts on 1984 farm movie "Country"
