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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…

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The Case for Local Banks

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…

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Bank Deposit Standards of Care

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…

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The Online Business Lending Industry

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…

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Old Hotels

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…

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Banks and Fiduciary Duty

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…

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In December, I attended a groundbreaking for the first LGBTQ friendly affordable housing in Pennsylvania. The new residences will be built near 8th and Girard. Girard Medical Center seemed to be most of what is going on in that area.…

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When I was a teen, my father and uncle owned Downingtown Inn and Country Club, a resort hotel in Downingtown, Pennsylvania. My father was the COO, while my uncle was the CFO in the back office. The hotel featured all…

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