Tuesday, July 13, 2010

Bernanke Urges Banks To Lend To Small Businesses - Think They'll Listen?

Speaking at a conference on small-business financing, Federal Reserve Chairman Ben Bernanke said that extending and increasing credit to sound small businesses is crucial to our economic recovery. The issue "should be front and center among our current policy challenges." Bernanke also believes that "we need to find ways to ensure that creditworthy borrowers have access to needed loans." I have a feeling that his words are falling on deaf ears.

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