Show Me the Money

The old adage "Banks are your friends when things are going good, but couldn't care less when they're not."
discussed in this article is wisdom gleaned from experience. Like many small business owners I learned this the hard way 20 years ago. Banks are not our partners, but rather hard nosed institutions focused on the bottom line. A Banker I know says" its not what you have done for me in the past, but what are you going to do tomorrow?

My issues with respect to 1) bail-outs conducted in 2008 and 2) stimulus hand-outs being conducted in 2009 is that the money strategically placed in certain 'hands' (to only certain entities) was primarily used to acquire more *assets* of, and for...long-standing names in this country. Is that the purpose of tax dollars? To allow the big to grow even bigger at taxpayer expense? All growth is very limited for small business. You can borrow money; but it's not enough to do much; excpept to hold your own. The interest is definitely not appealing. My response is 'No thanks. I'll just wait.' No growth. No more in income either at this rate. So, we remain on-hold until the big guys recover? That may be 4 more years. The economy will dry up and blow away before then. Glad our leaders focused on those at the top. It's not what ordinarily creates much in actual tax revenue; but maybe they'll figure out a way for big business to feed the mouths of small businessmen and women. We'll be taken care of, albeit magically, I guess. All will go forward, just as they envisioned in their utopic; big business-like dreams.

Why would anyone think the bank bail out would help small business? The talk about it being intended to loosen credit and lending was just the story given to make it appear it would somehow help Main Street. Typical Republican bull to make it seem beneficial to you when they rip you off.
It has to be noticed while they supported and in fact proposed the Bank bail out, They are not making any comment about the fact it's money that "disappeared"
They stand in solidariy in opposition to the Auto bail out and the Stimulus Bill which IS a bail out of Main Street.
Just what part of this picture do you not understand buzz words are buzzwords "loosen credit was a buzzword it had no real intent other than to gain support for the taking of $350 billion from the tax payers. No different than the bail out at the end of Reagan's term in office
You have been ripped off fair and square and in the words of GW Bush "get over it"

Bank income depends on interest from loans and if they do not make loans their income will be less . Deneying loans to people capable of paying means they have a dubious reason for not lending . The Admin should bring back the good old credit union and start lending to the public . This kind of bank competition would stick it to Wall Street and spur our economy like nothing else . Wall Street would then work towards getting their act together and when they did we could turn over the credit union operations to the banks , if that is our decision . Wall Street wants us to fail so they can get back in control , so we must work around them because our very existence depends on our success .