Should banks be forced by Wall St.to give loans to worthwhile small business'?
Sister Jean
2012/08/19 01:09:41
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- Sgt Major B 2012/08/19 04:20:25no
+1Banks are in business to make money. If a 'worthwhile' small business is economically viable, the bank's going to loan the money. If it's not viable, they won't.reply - kitkat42 2012/08/19 02:53:33no+1Encouraged, but not forced. Forcing doesn't work.reply
- Dagon 2012/08/19 02:11:42
- cjd 2012/08/19 01:55:47None of the above+1not forced but encouragedreply
- rand 2012/08/19 01:55:37no+1Then the government is back into being liable. But banks should be forced to make their money by providing legitimate services like loans rather than being investment agents, as it was before Clinton and Gingrich repealed the Glass/Steagil Act passed after the Great Depression to prevent another one.reply
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+1hope they wake upreply
- rand Sister ... 2012/08/19 02:10:44The way the system is currently rigged, they need not risk making loans. They borrow at almost zero interest and then buy U.S. Treasury bonds with guaranteed interest. The American people are at the whim of bankers since Glass/Steagal was repealed.reply
- mikeeonly 2012/08/19 01:48:01None of the abovehow could Wall Street force the banks to do that? I don't understand the connectionreply
- say what? 2012/08/19 01:16:43no+1Absolutely not.reply
- Jackie G - Poker Playing Pa... 2012/08/19 01:16:09no+1Forcing banks to give loans is how we got into this mess - social engineering via lending is not now nor was it ever a even slightly good idea . Banks were forced to lend to people who they would never have considered in the past - let us not do it again ever.reply
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+1small business are backbone of economy it was loans to people who had little $$$$ to pay for Mortgage and government mismanagementreply
- Jackie ... Sister ... 2012/08/19 01:33:56+1I agree but no forcing again - if they are a good risk, banks will riskreply
