THEHEATH replied to the topic How does one finance with several banks? in the forum Finance 17 years, 10 months ago
The banks are limiting their exposure. If you have borrowed 500k from bank X then they stand to lose 500k if you go under. If you want to borrow another 500k then bank X stands to lose 1million if you go under. So if you go to another bank for the second loan, bank Y , then each bank only faces losing 500k each instead of 1million. That is why…[Read more]
THEHEATH replied to the topic Multiplication By Division in the forum Multiplication By Division 18 years ago
I dare say he gets sick of repeating himself and pointing out the somewhat obvious.