The February 1 Wall Street Journal (today’s) carries a front page article (“When the Home Bank Closes”) about the founder of a startup company that has no financing, has garnered huge potential orders for his products, but is inconvenienced by the...
We’re led to believe the big banks have their act together and are systematically solving their real estate financing problems. Yet evidence suggests they may be scrambling behind the scenes to avoid being overwhelmed by the challenge. One attempted refinance by a...