Obama Mulls Opening Bailout to Small Business

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	Obama Mulls Opening Bailout to Small Business

chestnut501

7-11-2009 7:11 PM

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chestnut501 says:

Cash from $700 billion financial fund could be diverted, officials say

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7-12-2009 8:37 AM

zizzy

I took the science

7-12-2009 8:45 AM

zizzy

Woops, clicked the comment button by mistake (stupid mini keyboard). I took the science quiz and got all the questions right (along with 10% of the population according to the congrats message). This "Amreican" digs science.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f8112002-b72a-4c0c-b8ae-389864ef7ed3/7AE15BC1-E744-4875-82F4-B6DB531BFCED/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/" href="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/" style="font-size: 11px;">www.msnbc.msn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>WASHINGTON - The Obama administration is considering using money from the $700 billion financial bailout fund to provide further assistance to the nation's struggling small businesses, in a continuing attempt to find a way to make up for clogged credit.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>Officials said Friday that no plan had emerged although small business has been a subject of staff level talks in Obama's economic team.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>But the officials stressed that the plans underscore that the White House and Treasury Departments, together with the Small Business Administration, are aware of the problems confronting main street America.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>One idea under consideration is using a program that helps banks lend to small businesses at low rates.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/">Under one approach being examined, the government would make working capital available by having the government help underwrite loans to small businesses.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/31862098/ns/business-small_business/">The Treasury Department has a team examining a variety of approaches to help small businesses</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7AE15BC1-E744-4875-82F4-B6DB531BFCED/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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