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In recent years, there has been much focus on house flipping. The latest is that Zillow is going to buy houses that they think are underpriced and resell them. https://www.nytimes.com/2019/05/07/business/economy/ibuying-real-estate.html I could see big entities coming in a recession and scooping…
I attended, along with 40,000 others, the Berkshire Hathaway Annual Meeting, and encourage anyone interested in business and the economy to buy some shares and do the same. This is a photo of the shareholder “credentials” required for admission. At…
Amazon decided not to set up one of its headquarters in Queens, New York City. Queens didn’t lose much. My understanding is that Amazon provided no actual commitment on the number of jobs to be created. Amazon did commit to…
A recent case in the Eastern District of Pennsylvania (O’Neill, Bragg & Staffin PC v Bank of America Corp) showed that customers and bankers need to have sound procedures in place, or suffer the consequences. The internet is full of…
The Himalayas have been on our bucket list for some time. When we saw photos of the soaring mountain range in the brochure, we were hooked. We voyaged to Nepal (home of 8 of the world’s 10 highest mountains) and…
Prologue to " The Case for Local Banks" In my Fall 2018 newsletter, I made the case for needing local banks. My cousin Jimmy Roberts, composer, pianist and entertainer, pointed me to the banker's scene in the 1946 Movie "Best…
As a former banker, I can’t stress enough the importance of “simple stupid” procedures regarding deposit accounts. It is imperative that bank customers open their statements monthly and review them. Recently, I had an inquiry looking for a banking expert…
When TABASFUNDING was founded in 2002, there were not a lot of alternatives for small business lending. Businesses could go to the bank, but banks often didn’t want to lend to small businesses. The paperwork is mostly the same, whether…
Nancy and I love staying at elegant old hotels, built in scenic out-of-the-way locations, where the destination is the objective. Some examples are the Grand Hotel, built on an island in Lake Huron, and the Balsams Hotel, pressed against Canada…
Does a Bank Have Any Responsibility for Making Loans Ending in Default? The economy is good now, but business doesn’t stay great forever. In a year or three, there will be a downturn, and a trail of bad bank loans…
