Federal Confusion Stifling Credit Flow

  Government and Economy Federal Confusion Stifling Credit Flow The federal government wants banks to lend more money to small businesses, but demands from federal regulators for more capital and higher deposit insurance premiums, and fears about what Congress may do next, are choking off the flow of much-needed money. MSNBC.com Small Businesses Need Relief, Too On Main Street, small businesses have been hit hard by the recession. Unable to obtain affordable capital and often in need of technical assistance to help them survive, many small businesses—needing direct help—are closing their doors and laying off workers. Reuters.com [Read Full Article]


The Credit Crisis: Is it the Least of Our Worries?

Government and Economy The New BBB Rating System A conversation with the Better Business Bureau about its new letter grade rating system, how the process works, and how you can make it work for your small business. Is The Credit Crisis The Least Of Our Worries?The folks at Wharton's ''Fiscal Wake-up Tour” think so, leading to the question, what should we be worried about? Management and Financial Issues [Read Full Article]


A Trillion Here, A Trillion There and Pretty Soon We're Talking Real Money

There are two, ever so very vocal camps on the issue of financial bailouts. There is the Paulson-Bernanke Camp, which is throwing money around like so much confetti and there is the Everyone-Else -Outside-Washington Camp that is watching its tax dollars go down the black hole that is Washington politics. Now, after about a trillion dollars worth of various bailout and stimulus packages, the Fed is pledging more than $7.4 trillion dollars to get credit flowing once again. What $7.4 Trillion Looks Like To give you some perspective on the numbers under discussion, according to Bloomberg: “The money that’s been pledged is equivalent to $24,000 for every man, woman and child in the country. It’s nine times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office figures. It could pay off more than half the country’s mortgages.” This is a Hail Mary pass, a desperation move since nothing else... [Read Full Article]