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The lingering economic recession has forced banks to become very conservative lenders. In this climate, Thoroughbred horsemen nationwide are struggling with credit lines drying up and loans being called in.
While attorneys for Fifth Third Bank seek a receiver to manage horses owned by Zayat Stable, attorneys for Ahmed Zayat are claiming that the bank's equine lenders reneged on a pledge to restructure the owner's loan.
Tuesday, January 26, 2010+10000000)+'&millis='+new Date().getTime()+'&zid=473&referrer='+encodeURIComponent(document.location)+')
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Copyright © 2012 Blood-Horse Publications. All rights reserved internationally.
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