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Saturday, November 14, 2009

Bank and Business

http://online.wsj.com/article/BT-CO-20091113-715557.html
UPDATE: Some Retailers Could Follow Wal-Mart's Credit Program

Since the banks have been given large amount of money to loan out to businesses, they have been doing a great job. Of not loaning out any money to anyone. It is good to know that the stimulus and bail out legislation was written so clearly and forcefully that no possible problems could happen.

Now, many more businesses have the option of failing, just like the rest of the big companies. Unfortunately, there are still some business that are not under the thumb of the federal government. Yet. Some of them have decided to do what the banks have decided not to do. Loan money to smaller businesses. That way their suppliers can continue in business and supply them with product to sell. How unamerican!

Not to worry. As long as any business is profitable, there will be a government agency to create additional taxes for them, to help bail out the business that are not interested in making a profit.

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