February 5, 2009 • 8:41 pm 0
Southcoast Financial Corporation apparently made a profit last year and has declined any bailout money. They did make less money, but they are not hurting like some of the larger banks. I guess this is what happens when the banks make good loans and also when they work with borrowers to reach solutions reasonable in the current market.
Filed under: bailout
January 22, 2009 • 3:32 am 0
If you are interested in where the bailout money is going, see this chart: http://is.gd/gMEX
South Carolina does not have that many big banks in it, but banks in South Carolina did received $449,000,000.00 dollars. Where is that money going? I’m still trying to figure it out. It does not appear to be used to help homeowners who are in bad mortgages and want a loan modification or refinance.
–Shawn
Filed under: bailout
