
Hey! Now Congress Makes Sense!
I get regular email newsletters from CPA firms that many of our clients, both business and personal, deal with. Most of the time, I shuffle them into a pile where they wait until its slow, or I’m trying to avoid doing something.
I was reading one just now on the Small Business Jobs and Credit Act. Two excepts that made me laugh out loud:
The idea is to provide capital to start-up businesses and small enterprises that want to expand and hire new workers. Currently large banks generally are not lending to small businesses, which create many of America’s jobs.
The law includes provisions to:
Increase to 90 percent from 75 percent the amount of the loans that SBA will guarantee. If a small business owner defaults, the bank that lent the money would take a maximum hit of 10. This is aimed at encouraging local banks to lend to businesses that may be in trouble. [Emphasis Added]
The geniuses who didn’t learn from the mortgage meltdown that couldn’t have been possible without the CRA (Community Reinvestment Act) requiring banks to make loans to people who were not creditworthy are apparently not done “tweeking” the economy. Now they want to encourage banks to lend to businesses that are in trouble.
If it isn’t the plague of Haaaaavvvaard loyas that the administration keeps siccing on us, it is the economic genius of the likes of Bwaney Fwanks.
November can’t come soon enough.

Another Voter Mugged By The Dhimcraps Compassion
September 27, 2010
Categories: alcohol, asshole, BANGLAR BILLY MAYS HERE!!!!, You're gonna love my nuts, Your mom likes this . . Author: Blackiswhite, Imperial Consigliere . Comments: 118 Comments