Treasury Turns Attention to Credit Needs of Small Businesses
National News • November 20, 2008
The Treasury Department said it is working with the Federal Reserve on a plan to make access to credit easier for small businesses.
Maintaining that illiquidity in the asset-backed securitization ...
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Subject: What is really happening
Posted On: November 20, 2008, 5:17 pm CST
Posted By: Baxtor
Comment:
Paulson is helping out his friends. All what they want is to get their bonuses and big paychecks. Other than that the government will not be helping any of us. What is happening is a normal cycle in economics. Here's a little example. You take out a 30 yr loan for a new house. A year later you take out a 6 yr loan for a new car. Next year you take out no loans because you're busy paying back the first two. Oh my Gosh America we are having a problem with people getting loans. No one is getting them and no one is buying houses, cars, etc... We need a bailout!! Contrare America, people are busy paying on their loans because everyone got one because rates were too low. Except for the people with bad credit that think the world is owed to them are still spending and they are the ones losing their houses. Most Americans are not looking for loans. They just want to pay off what they have so in 5 or 10 years, they can start buying again. What Paulson and congress are doing is extending this delay in our economy recovering further down the road. But of course I don't have a Harvard degree so I must not know what I'm talking about. I'm glad the big CEO's of the world and their Harvard degrees are much smarter or corporate america could be in big trouble......
Subject: What is really happening