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Obama's Plea To Banks

October 26. 2009

"Video: Obama: Banks Need to Help Small Businesses" - The Associated Press

 

After flooding banks with more cash than is safe for the economy, U.S. President Barack Obama, is now imploring said financial institutions to lend to creditworthy small businesses, in a bid to unclog the revenue block that has gripped the corporate sector.

As mentioned previously, a handful of corporate conglomerates gobbled up many smaller companies, then collapsed due to crooked business practices.

Yes, sometimes mergers and acquisitions are a bad thing, as smaller companies become soulless and bland.


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