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The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance.
Originally posted by GreenBicMan
does anyone really think the administration wants to destroy small business?
you are crazy IMO, but I look forward to a legit answer if one is ever provided