« Re: Videos from First Presbyterian Church, 6 Jan 2011 | Main | Tiny LAKE is flattered by mighty VLCIA! »

Tuesday, 11 January 2011

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Follow the Money

Wow the Local Mortgage Brokers are enthusiastic supporters? I bet the banks are really excited to close some of those ARRA stimulus funds bridge loans too, their loan officers usually get 1% of all loans closed.

One of the biomass incinerators in north Georgia got a $40 million bridge loan through the ARRA stimulus for this so-called renewable energy. What's 1% of $40 million? That's right, $400,000.

This incinerator is going to cost $110 million to build. What's 1% of $110 million? It's $1.1 million dollars. Which banker in town is NOT an enthusiastic supporter of receiving that kind of money from closing a loan?

Better not be any loans closed at Guardian Bank where Chairman Ashley Paulk is on their Board of Directors.

The comments to this entry are closed.

Categories

Blog powered by Typepad