Saturday November 21, 2009

smSmallBiz.com - SmartMoney's Small Business Site

comments


Credit-Card Issuers Squeezing Small Businesses
From rate hikes to account closures, business owners are being stunned by statements.
(read more)
Add Comment
Display Name

Comment

Please enter the characters shown below:


 
Rob Posted: 2:24 PM On June 15, 2009
Lowering credit lines and raising interest rates is not the answer. All that its doing is pushing everyone to become insolvent.If the bailout money was loaned to small business mostly all the people that have been laid off would still have a job. That would have kept people in their homes and they would be able to pay their bills.The banks would have been paid and default would have been minimal.I am no financial expert but i do believe there is a better way to go about it.
Rob Posted: 2:23 PM On June 15, 2009
Lowering credit lines and raising interest rates is not the answer. All that its doing is pushing everyone to become insolvent.If the bailout money was loaned to smmall business mostly all the people that have been laid off would still have a job. That would have kept people in their homes and they would be able to pay their bills.The banks would have been paid and default would have been minimal.I am no financial expert but i do believe there is a better way to go about it.
Fox Business - Small Business