A microcosm of the Obama economy.
To: Citizen Zed
“While striving to improve the local environment the Banks loan customers began in default in droves and increasing losses eventually forced regulators to close down Green Choice Bank.” Can you say solyndra?
2 posted on
07/26/2014 1:36:22 PM PDT by
Fungi
To: Citizen Zed
So the bank focused on doing things outside of ensuring its banking operations and risks were properly managed, resulting in a bank failure.
Moral is to attend to what you do in your core business.
3 posted on
07/26/2014 1:37:59 PM PDT by
rstrahan
To: Citizen Zed
Ivory towers are lovely to look at from afar but cold and barren up close.
4 posted on
07/26/2014 2:04:50 PM PDT by
skr
(May God confound the enemy)
To: Liz; maggief; WildHighlander57; LucyT
Wonder is there is any connection to FoO!
5 posted on
07/26/2014 2:30:16 PM PDT by
hoosiermama
(Obama: "Born in Kenya" Lying now or then or now)
To: Citizen Zed
According to the Banks website, GreenChoice devoted considerable resources in trying to convert the Banks business properties into sustainably-built buildings that were also healthy to work in."Sustainably-built" and "healthy to work in" are two entirely separate concepts. They are quite often in conflict. But those who believe in them refuse to recognize this fact.
7 posted on
07/26/2014 3:36:17 PM PDT by
Sherman Logan
(Perception wins all the battles. Reality wins all the wars.)
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