Robert Bernier · 1 day ago
Every American should know the truth

No one should miss this video:

http://xrl.us/bf29mb

Look to the end ( 10 min.)

Quite reprehensible and a bit hard on the digestive system.

As a small business owner with a lot of friends who also own small businesses, I get tired of hearing all the news stories about how small business lending is going to get a shot in the arm from President Obama’s programs or any other source in the foreseeable future. Yesterday I listened to a speaker from one of the large banks talk about how many loans the bank was making, doing its share to get the country moving again. All the banks are simply not making business loans unless they are absolutely gold-plated. Period. This isn’t because they don’t want to make loans; it’s because they’re being criticized by examiners.

The regulators have made it clear to banks that they will be criticized for any loan where the borrower takes out any cash, regardless of the underlying fundamentals or collateral. This is nonsensical.

I understand that real estate is depressed, and that values are uncertain, and that tenants are moving, and all the other fundamentals.

The answer is simple: The regulators need to relax—not on every loan, but use some common sense!

I feel for all the small businesses in America that are crippled. They dont understand why their debt free building isnt worth anything for collateral on a loan, or why their receivables which have deteriorated only slightly are now not worth anything as collateral.

Here’s the simple truth from one of the “little guys” in a small business who sees the misery here in the street, and just can’t relate to our government’s plan to put more money in the system. There is plenty of money out there; someone just needs to stop sitting on it, after the regulators tell them it’s ok to lend some with solid underwriting policies.

This story has been truncated, see the whole story at: http://www.mrmissionpossible.com/blog/auto-salvag…

Ron Sturgeon
5940 Eden
Ft. Worth TX 76117

Your article clearly identifies the general subtext that is present in virtually all of President Obama's so-called Stimulus programs. One factor similarly common to his programs is the hook, on which each entity receiving funding will be caught. Each business must remain on the lookout for what hidden production and emssion controls exist or what requirements for the use of organized labor only or stipulations for employee health care coverage, and any numerous Obama agenda items, which go along with taking the money.

No one should miss this video:

http://xrl.us/bf29mb

Look to the end ( 10 min.)