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You told us a story about doing battle to secure unorthodox financing for a project-doing battle with your own bank. I applauded your victory, and suggested a possible reason why there might have been so much resistance from your own institution--a reason I did not invent. There is a reaction that is, at the moment, rather common in the world of banking-- a fear of the consequences of a major loss of credibility as a result of foolish and often corrupt behavior. Across the world, suggestions are being made as to how to reduce reliance on and restrain the behavior of banks.
My comment was in the nature of a question, and I would still like an answer. Why do you think they resisted your apparently very reasonable plan?

Capitalism searches out the darkest corners of human potential, and mainlines them.
by geezer in Paris (risico at wanadoo(flypoop)fr) on Fri Dec 26th, 2008 at 04:37:18 AM EST
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did not mean not to answer that. But this is not it. There is little credibility loss involved in supporting a sound deal in a"good-looking" sector like renewables. The problem really is today that the banks are completely out of funds and are allocating whatever spare cash they can find very sparingly.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Dec 26th, 2008 at 05:23:26 AM EST
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