think that they did what they promised U.S. they would do with {Y}OUR money
and
wait for almost two (2) years to address the most serious problem.
True, W didn't address it at all. Helping very BIG banks.
Doing nothing for all the smaller banks.
Obama also did nothing.
Letting FDIC wipe out hundreds of small banks around U.S.
True, they probably all did vote for mcCain't...
"be held responsible for W's mistakes..."
But, how many jobs were and are being lost by there being NO funding for small businesses?
Nobody knows..., but it is far too many.
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Big banks slashed small business credit lines
The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending
Mapping the problem: Just how bad is the small-business credit shortfall? It's impossible to tell, thanks to lax data collection and regulatory reporting requirements.
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TARP take 2: $30 billion for small banks
A TARP-free revamp for $30 billion lending plan
small business lending remains a glaring trouble spot -- a critical problem because small companies are traditionally the country's main generator of new jobs. Banks have slashed billions from credit lines, and small firms weakened by the recession are struggling to meet tighter underwriting standards
Banks with assets of less than $1 billion would be able to borrow an amount equal 5% of their assets, and banks worth up to $10 billion would be eligible for an investment of up to 3% of their assets. More than 8,000 of the country's 8,400 banks would be eligible to participate
http://money.cnn.com/2010/05/13/smallbusiness/small_business_lending_plan/
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