Bend / Central Oregon News, Sports, Business, Weather, Entertainment, Classifieds and Local & State Headlines | The Bulletin

Use Advanced Search to filter by date and category. *keyword is required in search field.
start date (MM-DD-YYYY):
 -  - 
end date (MM-DD-YYYY):
 -  - 
category:
Archive Home > 2009 > January > 18 > Locking up the cash

Locking up the cash

A case study of why banks that are flush with federal aid wont lend

By Eric Lipton and Ron Nixon / The Bulletin
January 18, 2009

TROY, Mich. —

The bad bets made by executives at Independent Bank of Michigan were on display in spots across the state: a defunct bowling alley, a brand new but never occupied shopping center and the luxurious Whispering Wood Estates, which offered prime lots for never-constructed....

Read complete article

Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.