Federal bank crackdown threatens dozens of Blaine County (Ketchum), Idaho businesses

In a tiny office tucked behind the shelves and a small cafe at Iconoclast Books, Sarah Hedrick is fighting to save her business from the most powerful banking regulatory agency in the United States.

Surrounded by leather-bound classic literature and family photos, she has been searching for a new bank that will extend her a line of credit. That financial lifeline is the only thing that could stop the Federal Deposit Insurance Corporation from seizing her nationally known bookstore.

She’s not alone. By some estimates, as many as 100 Wood River Valley businesses are in danger of being taken over and liquidated. Hedrick, like most business owners interviewed, isn’t about to give up without a fight.

By Joshua Palmer
Times-News writer

Full Story: http://www.magicvalley.com/articles/2009/07/05/news/top_story/165630.txt