Senate backs small business lending fund
Friday, July 23, 2010
I saw an article in the New York Times this morning that the senate has resurrected the small business lending fund. They’ve added $30B to a bill to encourage banks to lend to small business. While $30B pales in comparison to the size of the large bank and auto bailouts, it’s a least a start. What troubles me is even though 80% of new jobs in the U.S. are created by small business they had to break a filibuster to get it into the bill. It kind of makes you wonder what our representatives are looking at when they spend our money.
Read the full article here.
