highball Posted September 11, 2005 Posted September 11, 2005 http://www.registerguard.com/news/2005/09/10/a1.or.sept11loans.0910.p1.php?section=nation_world Quote
archenemy Posted September 13, 2005 Posted September 13, 2005 Don't blame the small businesses, they didn't know. It is the banks they borrowed from who should be ashamed. The banks themselves had a hefty incentive to use the loans: They kept the interest while the government insured most of the loan, creating a nearly risk free proposition As an added incentive, the fees banks pay to the government were cut in half, saving banks up to $5,000 each year for every $2 million they lent. Quote
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