Despite trillions of dollars in bailout money, bank loans fell to their lowest rate since the onset of the Great Depression. Now that the Fed has done all they can, is it time for the states to step in?
Just like traditional venture capital funds, VCTs provide equity capital to fast-growing small and mid-sized businesses; however, unlike traditional venture funds, the underlying investors are you and me.
All this talk about economic recovery is puzzling. There is no talk about more jobs, higher incomes, or more paid working hours. So any recovery must come from credit. Yet it is credit that is lacking.