RE: Banking Practices

[Greg Peisert <gpeisert@jamesgregory.com>]

>From Margaret:
> > Of course, Laura.  That's because you were such a piker. :-)   Had
> > you been a big corporation, you'd have had no problem from the
> > bankruptcy...corporations use it as just another financial tool, and
> > the bank would have been overjoyed to get your business. :-7
> >
Laura Responded:
> Ain't that the truth -- burns my hide that
> corporations can use bankruptcy, oops, excuse me...
> 'reorganization' to get even more $$ to finance
> everything from more corporate takeovers to
> moving business south -- as in America!

Greg is Asking:

1. Has either of you, as a _small_ business or sole proprietorship, ever 
tried to get a loan from a bank?

2. What are the FDIC rules for bank loans to corporations versus 
individuals?

3. How much latitude do banks have anymore in loaning money to individuals?

4. To what extent does the FDIC and their auditors require privacy invasion 
to assess loan risk on the part of corporations versus individuals?

--I really don't know the answers to these questions, but outside of #1, it 
seems that to understand the issue, we would have to pry under the banking 
covers and find out how they are operating. Any bankers on the list??

--Greg P.