Business Proverbs: Day 24 – A Crashing Competitor
In the 1990s, I competed with banks that were violating banking laws to secure more loan customers. Many borrowers were being threatened, or even blackmailed, into doing business with these other banks. As a competitor, it was frustrating to lose deals because of illegal or immoral practices of other banks. Eventually, bank examiners shut down these banks for unsafe lending ...




