Use TARP Money To Start The Next Google

UpTake Video
  • About
  • Export
  • Add to
President Obama talks about taking the money used to bail out wall street and lending it to small businesses. Key Quote: Because financing remains difficult for good, credit-worthy small businesses across the country, I’ve proposed that we take $30 billion from the TARP fund originally used for Wall Street and create a new Small Business Lending Fund that will provide capital for community banks on Main Street. These are the small, local banks that will be able to give our small business owners more of the credit they need to stay afloat. We should also continue to waive fees, increase guarantees, and expand the size of SBA-backed loans for small businesses. And yesterday, I proposed making it easier for small business owners to refinance their mortgages during these tough times. Distributed by Tubemogul.