Georgia banks shedding 'hot money' (External)
Press release from the issuing company
Saturday, March 13th, 2010
During last decade’s housing boom, Georgia banks eager to get in on the action became addicted to “hot money” – deposits from investors who pay brokers to shop nationwide for the best returns. But the love affair appears to be over as banks, reeling from the rotten economy and increased regulatory oversight, rid themselves of the highly volatile funding stream. (See more at AJC)
