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Mon, 05/30/2011 - 07:58 — Paul Harber

I remember back in the 1980s when bankers and golf ignited a series of unexpected bank failures and golf course closings that cost some good friends their fortunes.

It seems as if it is happening again.

Looking at the auction page of the newspaper, I see the Ridge Club down on Cape Cod is on the auction block.

And Mount Washington, with its Donald Ross course, is also up for auction.

Then there are stories about financial difficulties of a very high-end ultra exclusive private club on the South Shore. You wonder if it is all happened all over again.