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Speaking form experience, even profitable business lines (like financing wind power) get squeezed when there is no liquidity.

We are being asked to reduce our activity, right now. Many other banks have been absent from the market from months already.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Sep 24th, 2008 at 09:30:34 AM EST
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I don't dispute that many, perhaps almost all banks, are "reducing activity."  But i find far more banks than 18 months ago are making serious inquiries and even investments in various windpower sectors.  Each individual bank may be diminishing funding, but the sum total is greater, perhaps far greater.  (There are no stats in this sector i am aware of.)

A bank still standing, thanks to its relationship with the current SecTreas, is exploring new markets for wind as we speak.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Wed Sep 24th, 2008 at 04:43:27 PM EST
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