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Essay Archive - The Merger of Banks
The Merger of Banks
A mental picture that is simple to formulate is the look on the
neighborhood mortgage banker's face if a would-be customer walked in
without warning and without proof of having any financial worth himself,
and proceeded to announce that he had found a property without any great
distinction, that may be somewhat structurally weak, possessed only
questionable appeal, was not in the greatest of neighborhoods. And for all
that great value and �exposure,� he wanted to offer only three or four
times its market value? Oh yes, he also wants to repeat the p....
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