"If you've been feeling pretty good about the prospects for the economy as the stock market has climbed off the mat, I suggest you forget the Dow industrials ($INDU) for a minute and look toward Yakima, Wash.
That's where Western Recreational Vehicles, a four-decade-old company employing 220 people, closed its doors last week.
The family-owned maker of Alpenlite-brand motor coaches and campers had survived every bad economy and spike in oil prices since 1971, but it had to shut down when banks yanked its credit. Without the ability to borrow to buy parts and maintain payrolls during a period of seasonally soft sales, as it has always done, a wonderful small business went poof.
Some 200-odd jobs might not seem like a lot, but multiply that times several thousand around the nation and you get an idea of the tsunami of pain that's rushing toward U.S. banks and the businesses they serve."
The above was cut and pasted from MSN Financial Page.
Don & Pat Allen - Texas Boomers - Honorary Oklahoma Boomers
2003 Keystone Everest 323P - 2003 Dodge Ram 3500