Sad. L,S & B always did me well. Many small businesses are being killed off by their banks.
Large American businesses have gone down hill at an ever accerating rate since many started hireing MBA ("Masters of Business Adminstrataion", an oxymoron if there ever was one) to take over. It's been the MBAs that drove businesses to re-design and cheapen their products, advertise them as "NEW! IMPROVED!" for higher prices to increase the short-term gain while, eventually, losing market share. Even the long stumbling giants of Detroit finally toppled under the weight of all that kind of foolishness, and without them learning a thing!
What we are seeing in banking today is largely the MBA mind-set at work there. Many banks are seeking the fast buck, to hell with what happens later, even to themselves. Thus we get situations where viable businesses caught in a squeeze can't get help but get knocked out by the banks they have been doing business with, many for years. When the business goes under and the assets are sold off, often at pennies on the dollar in economic times like these, the banks lose too! Stupid for sure but no MBA brain will ever grasp that.
Suppose they are looking for BozO amd company to hand them a few more tons of our tax money to make up their short-fall?
