8 Ways the banks are to blame for the current market condition.

1.  Lines of Credit stopped without warning.

2.  Loans were called even though payments were current.

3.  Loans ceasing to distribute funds in process.

4.  Reducing the loan amount and removing the interest carry porting of the loan.

5.  Projects repossessed due to calling of the loan (not failure to make the interest payments).

6.  Banks unwilling to fund new projects.

7.  Banks taken over by the FDIC; all funding stopped; no representative at the bank to hear builder's pleas.

8.  Banks unwilling to take a modest writedown, but willing to foreclose and sell for 20 cents on the dollar.