Friday, January 14, 2011

Small Business and the Economy

Yesterday, I tried watching CNBC's Small Business Forum. But they kept cutting away from the answers, every time a question was asked. It really frustrated me.

The only positive thing I heard was that the Federal Reserve has an Ombudsman, and if you feel that your bank isn't treating you right or is denying you credit you believe you deserve, you can contact the Ombudsman. www.federalreserve.gov.

Fed Head Ben Bernanke said that community banks have stepped into the lending breach left by the big banks. He claimed that a strong balance sheet and good cash flow should enable a business to get a loan or a line of credit. FDIC head Bair said banks should not be saying your business is no longer creditworthy just because your collateral has fallen in value.

But after listening for awhile, I decided that our economy is dead because Bernanke has bored it to death.
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