State regulators have gone through a process, to review and shut down co-op programs that were too weak to continue for another year, … It explains why you saw a big bunch of them announce they were closing in October – because it was the drop dead [date]. If you’re going to pull the plug, October was the time to do it.

Ed Haislmaier

Categorized in : Politics

I would place most of the blame on the management of the companies because they were counting on money that was uncertain to begin with, the companies that counted their chickens before they hatched got into trouble; the ones that did not, didn’t get into trouble.