Haynesville Myth No. 1 Debunked: Banks Overwhelmed With Drafts
A reliable source in Shreveport says “it appears the word about FBI agents visiting the (local) banks because of large sums of money (being deposited) is another for the urban-legend books. I have heard the banks are having themselves to borrow large sums of money to cover the large drafts/checks they are getting.”
For the back story, see “Haynesville Myth No. 1? Banks Flagged For Large Deposits.”
–Nissa Darbonne, Executive Editor, Oil and Gas Investor, A&D Watch, OilandGasInvestor.com; ndarbonne@hartenergy.com
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