Small Business Can't Get Loans From Bailed-Out Banks in U.S.

Discussion in 'Politics' started by Wry Catcher, Sep 17, 2010.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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  2. StevenC
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    StevenC VIP Member

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    It would appear that the regulations are causing the problem.
    I thought we got into the mess we are in because the banks were lending too much.
    Now there are people complaining the banks aren't lending.
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    You don't suppose the Fed's Stress Tests have anything to do with it now do ya?
     
  4. Wry Catcher
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    Wry Catcher Platinum Member

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    People are complaining, but that's not the point of the article, at least as I understand it. How will less government oversight help the situation? Of course the government cannot force Wells or any of the other big banks to loan money to small business, but maybe the government ought to pull a T.R. and bust the trusts.
    When I wore a younger mans clothes, banks were chartered in only one state. By allowing them to become mega-national banks, we have created monsters. Maybe it's time to to review what seems not to be working before we go all the way and let industry obey the rules or not with immunity.
     
  5. Wry Catcher
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    Wry Catcher Platinum Member

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    No CF, unlike you I don't know everything. Thanks for all the helpful hints and in depth analysis; I wonder why you spend so much time on this MB? I'm sure your many talents could be of benefit somewhere else.
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I already told you, Richard Sciafe and each of the Koch Brothers pay me $399.95 per post
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    I know lets spend another 30 Billion dollars we do not have. So another Czar can decide who wins and who loses and hand out low interest government loans. Instead of just lowing their taxes and get the hell out of their way :)
     
  8. StevenC
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    StevenC VIP Member

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    Before the regulations recently put in place the banks were lending.
    The story doesn't go into the small business assets enough for me to see if it was unfairly denied a loan.

    I agree. But we should have also looked at the real problems (and what was working) before jumping the gun and making thins worse. Unfortunately the congress doesn't give a damn as long as they stay in power.
     
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  9. Synthaholic
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    Synthaholic Platinum Member

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    Thanks, Bush/Paulson!

    No rules, no conditions, nothing. Just "Here's your money!".
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Are you retarded? I mean more so than usual.
     

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