Why Printers Should Care About Bain Capital vs Banks

Did you see that the banks are being sued by the private equity guys in the Wall St deal involving Clear Channel Communications? This is HUGE for owners of printing companies.

"Huh?", you say.

Owners of printing companies need to be on red alert for signs that their bank is putting the screws to them due to the credit crunch. There is no better barometer of the existence of the credit crunch than having the glamour boys of private equity (Bain and Thomas Lee) having to litigate against the very same banks that just 6 months ago were desperate to do business with them!

Be on alert for subtle changes in tone and body language in dealing with your bank. If in doubt, just give me a shout. I'll set you straight on how to interpret the bank's actions and what to do about it.

Comments

[RB]

So would it be fair to say that banks are the "bain" of our existence?