corporate welfare-SBA style

31 May 2013 08:15 #1 by Blazer Bob
http://www.fee.org/the_freeman/detail/p ... z2TYJLepP7


"Politically Correct Lending

MAY 17, 2013 by DOUGLAS FRENCH

There seems to be only one kind of loan that bankers want to make—SBA loans. SBA stands for Small Business Administration, a federal agency that guarantees certain loans made by banks that operate within its guidelines.

Lawmakers portray SBA lending as a boost for small businesses. The program is actually a form of corporate welfare for some of America’s largest banks. While banks reap profits, taxpayers cover the losses."..................


Read more: http://www.fee.org/the_freeman/detail/p ... z2Usb4ADeV

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