Bailout Banks kick Small Business in the Crotch
CNN Money is reporting today the 22 banks that received the most help from the Treasury bail out programs collectively have cut $10 Billion from their small business loan balances in the last 6 months alone. They make more money and the small businesses that drive the economy take it in the shorts. Just how is this supposed to make sense? I thought the fed and the banks were working together to enable them to continue to make loans.
Small business activity is what will lift us out of this mess and instead of a loan they are getting what my teenage son would say is a, “Kick in the Nards.”
Where did all the money go? Hmmm
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