All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact...
Posted November 18, 2009 | 15:27:31 (EST)
As the Administration wrestles with how to get credit flowing to small- to mid-sized businesses, it encounters three significant problems.
First, government-guaranteed SBA loans--even in a more robust form--do not address the financing needs for the bulk of the small-to mid-sized businesses.
Second, smaller banks are under tremendous...
Posted October 2, 2009 | 12:59:30 (EST)
First came TARP, which set aside $700 billion to bail out Wall Street and other financial institutions. Next came the stimulus package, which allocated $787 billion for various programs primarily intended to stem job losses in the short term. Yet of the well over $1 trillion in federal funds, only...

Posted January 14, 2010 | 15:50:12 (EST)