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NC Kansas | Yes you are correct, but there is ALWAYS another side to the story. To say a bank would call in a perfectly performing loan of a perfectly performing customer just raise the interest rate to benefit the bank is stretch. A couple things are going on for that to happen. The customer is failing, or the bank is failing (getting desperate), or BOTH. I just have a problem with the blanket "Banks" in the post title. VERY VERY few ag banks will possibly be in this position. That's my opinion based on my experience as an ag banker in middle america. | |
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