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A microcosm of the Obama economy.
1 posted on 07/26/2014 1:32:42 PM PDT by Citizen Zed
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To: Citizen Zed
“While striving to improve the local environment the Bank’s 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
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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
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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)
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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)
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To: Citizen Zed
According to the Bank’s website, GreenChoice devoted considerable resources in trying to convert the Bank’s 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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