Hi ralok_j,
The initial bailout plan for the major banks was to help small businesses. Small businesses borrow from the major banks. The report was extremely clear.
The proposal was not to help small businesses. The additional bailout is for smaller finance companies to keep liquidity, so they can lend money to the public.
Best regards,
Steve
Quote:
Originally Posted by ralok_j
It would provide liquidity to the market. GE Capital and CIT provide lending avenues for small business, which are currently not being served by any banks. Without funds to operate we will continue to see a decline in our small business segment.
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