thoughts about TARP

November 17, 2009 at 11:06 pm Leave a comment

Interesting thoughts – from the Coleman Report. Comments welcome- Jim Frey

AFL-CIO wants TARP funds to target small businesses, not Wall Street
AFL-CIO President Richard Trumka wants lawmakers to redirect bailout funds for the financial sector to small businesses. “Banks aren’t lending to small business. We should establish a fund to lend TARP money directly to small- and medium-sized businesses at commercial rates, managed by the community banks left out of the Wall Street bailout, with the banks taking first-dollar risk,” Trumka said.

Jim Frey


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