Small-business people can’t get the loans they need, reports Sun-Times.
While credit has loosened since the height of the financial crisis, the dollar volume of loans and numbers of loans made by large banks to small businesses still remains well below the levels seen prior to the recession locally and nationally.
Well what I don’t know about bank lending would . . . (you know the rest) and I hate to go out on a limb. . .
But low, low interest rates decreed by the nation’s fiscal authorities might have something to do with it. Maybe?
Comments
Yes, and, the banks can get Federal Funds at a low rate, then turn around and invest in T-Bills at a higher rate. It is just another way of printing money, as T-Bills are basically risk free. Banks don’t have to work to find small-businesses to loan to, as the Government just acts as a printing press..