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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 process the
following month with a differen....
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