From The Columbian:
Businesses that were drawing down loans to fund these projects have been told by the Federal Deposit Insurance Corp. that their credit is frozen. These borrowers are being encouraged to seek other financing within the next 90 days. They make up an unknown portion of the 1,000 borrowers whose $400 million worth of loans were seized from the Bank of Clark County on Jan. 16.
“The (FDIC) is going to leave me with unfinished homes that cannot be refinanced, rented or sold,” said a local home builder, who asked The Columbian not to publish his name because he did not want public comments to affect his negotiations with the FDIC.
That TARP thing sure is working well. If it works any better you won’t be able to charge a hamburger.
Unrelated but obvious: anonymous bloggers are a threat to Western Civilization. Anonymous developers get to call newspapers and have their complaints published. Seems equal to me.