Georgia Today
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21st
Aug
2009
21 Banks in Georgia have failed now and the FDIC will have to keep on being called upon. … Back in the 2007’s warehouse-lending heyday, the market was a $200 billion business . Lately, of course, the rich well dried up, to just $25 billion in lending. Colonial held the big 25% chunk of it. So now that it has dropped out of the race, who’s left? The other warehouse-lending trendsetters already lie in the grave. The biggest tombstones: Countrywide and WaMu. …
Original post:
Who Killed 21 Georgia Banks?
