Monday, September 27, 2010

My Way News - Small biz, banks may spurn Obama's $30B program

Washington + Wall Street = "Too Big To Fail"...Washington + Small Business = "Too Small to Matter".....

My Way News - Small biz, banks may spurn Obama's $30B program:

NEW YORK (AP) - President Barack Obama's $30 billion small community business lending program faces one big challenge: many of the community banks and businesses it's supposed to help don't want it.

The lending program is part of a bill that passed the House of Representatives on Thursday and now awaits the president's signature. The legislation contains a mix of tax cuts and credits aimed at helping small businesses. The centerpiece of the bill is an effort to make billions of dollars available to community banks for loans to small businesses."

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