"Your bank is demanding a search warrant before we can enter."
Most banks also demand that borrowers putting less than 20 percent down buy private mortgage insurance.
The company kept losing money until 1940, when they sunk too low and banks demanded payment on loans.
Technically, the banks can demand immediate repayment on the bonds.
The bank demands that the overdraft be repaid within seven days.
The bank demanded he pay $1.2 million worth of short-term notes within 90 days, forcing him to file for bankruptcy relief.
Now the bank is demanding not only the cash but £230 interest on it as well.
"The impact is going to be much greater as banks demand that people have clean credit to get the best mortgages," she said.
But, he said, "banks look at common charges, not operating expenses, and demand a 20 percent down payment."
"The banks will demand their pound of flesh," the trader said.