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The People Who Create Jobs Aren't Getting Any Loans. That CAN'T Be Good
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In case you haven't gotten the message, the banks aren't lending. It doesn't matter if they took bailout money, they just took that money, put it on their books to reduce leverage, and continued not to lend. And the problem's acute for small business, which lives and dies with credit and presently can't even get SBA loans from banks who took a bailout. That the government handed all that money to banks with the idea -- but not the requirement -- that they ease the credit crunch and the banks didn't bother is pretty scandalous.
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