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Obama's Lending Plan: D.O.A.

Posted by BizBox under News
From http://bizbox.slate.com 5707 days ago
Made Hot by: on April 3, 2009 10:02 pm

Obama and Geithner proposed a plan last week to use $15 billion from the TARP fund to purchase small-business loans on the secondary market in order to encourage banks to make more of them. This week, that plan blew up in their face. Here's the how and why.

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Written by ArmadaIG
5707 days ago

I agree with this article that the money should do directly to small business. If the SBA can't handle it, give it to solvent community banks.

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