Obama tries to loosen credit for small businesses

Obama tries to loosen credit for small businesses - http://news.yahoo.com Avatar Posted by luckycharmer under Raising Capital
From http://news.yahoo.com 4411 days ago
Made Hot by: on March 20, 2009 2:09 pm
President Barack Obama freed billions of dollars to help the nation's small businesses on Monday, hoping to get credit flowing again to Main Street, not just Wall Street. He heaped praise on the little guys of American industry, often overshadowed in the blitz of government bailouts.

The centerpiece of Obama's latest plan will allow the government to spend up to $15 billion to buy the small-business loans that are now choking community banks and lenders. That, in turn, could allow those banks to start lending money again to small companies to invest, pay bills and stay afloat.





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