Joe Zucchero described how his line of credit has been cut off by a bank that's received federal bailout money. He says his business now faces foreclosure.He hasn't missed payments. He isn't particularly at risk of going out of business. He just had his line of credit canceled.
"We hope that we get some banks to refinance. Let loose of some of that money that's out there," Joe Zucchero, Mr. Beef owner.
People are reacting like they canceled Christmas. It is almost a shame that he isn't asking for a bailout. That would make for some good political theater.
My favorite is the Italian sausage with hot peppers.