
Originally Posted by
Melonie
^^^ nice theory ... or propaganda as the case may be. In the end it boils down to privatizing profits and socializing losses ... and the big banks simply aren't going to take risks writing new loans under current economic and socio-economic conditions. Frankly, I have been told that the small business loan sector is going to stay 'red-lined' until it becomes clear what kind of new costs US small businesses are going to be hit with that could swing profitability into bankruptcy. This includes such things as the employer fallout of national health insurance costs, increased energy / utility costs due to 'cap and tax', future US dollar / input commodity price inflation potential, higher personal = business tax rates for LLC's and Subchapter S etc.
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