HEARING: State of Small Biz Access to Capital w/Sec. Tim Geithner 6.22.11

[ariuszarim]

This won't work. First, they bring the state of the economy into question. So, banks stop lending, as they don't know what interest, taxes, or money will be doing. Second, businesses can't get capital. So they're going to force capital out by lending to businesses. Excuse me, as a taxpayer, if you're going to invest my money in a business, I'd like some of the stock. This is crap.

[Jdmnzcom]

New Zealand 83-87' tried this small business loan policy thru the "Development Finance Corp", a Govt financed agency for small business loans.........It was a complete disaster........The vast majority of loans went to "wide boy" startups who quickly spent the money then went broke........Long suffering "real" small business was too daunted by the paperwork to apply........This smacks of another "bubble", in the footsteps of Dotcom, Housing, (soon) Bond collapses courtesy of Govt printing money.

[1Roxanna1]

The reality is, Obama and his thugs, Geitner included are hell bent on destroying small business and our great Country.