"Small-business tax breaks clear a hurdle in the Senate; Brown decries plan, calling it a new bailout; End of filibuster a win for Obama" by Donovan Slack, Globe Staff | September 15, 2010
WASHINGTON — Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans, helping to loosen tight credit markets.
What happened to all that loan liquidity Bernanke injected?
Banks pocketed it, didn't they?
Besides, conditions have tightened and banks are not giving loans now -- not that anyone could afford one.
“This bill is about righting a wrong that was done to small business when Wall Street closed Main Street down and cut off access to capital,’’ said Senator Maria Cantwell of Washington....
And they will DO IT AGAIN!
--more--"
Related: Bush Administration Created Credit Crunch Crisis
Also see: Who REALLY Runs Washington
Isn't it obvious?
