Reply #26: soooo

[timo]

your saying that dumping a bunch of money out, letting people who shouldnt be in business get it, a few will do ok, most will flop, and the banks get paid off on the default by tax dollars, thats a winning solution? thats your answer? have you ever looked at the sba history? take a good example of the sba disaster loans surrounding 911, rampant default, and fraud abound who picks up the tab? the taxpayer, this is just not a sound financial plan, most banks dont even like handling sba loans anymore because of the massive amounts of paperwork involved and dealing with the huge amounts of defaults, you can loan billions of dollars out to small, medium, and big business, if the consumers dont have the inclination to buy the goods these companies sell, the notes still have to be paid, your just shuffling debt around..........by loaning people money who wont be able to repay it..do you really think thats a good idea? then they get stuck with a bad note, the government pays the bank and who but the bank wins?