Sat, Jul 11th, 2009
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WASHINGTON - The Obama administration is developing an initiative to take money from the $700 billion rescue program for the banking system and make it available to millions of small businesses, which officials say are essential to any economic recovery because they employ so many people, according to sources familiar with the plan.
The effort would represent a striking shift from the rescue program's original mandate, since it would direct billions of bailout dollars toward a plan that aims more at saving jobs than at righting the financial system.
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Report: ACU offered endorsement for money
Jul 11th, 2009 - UPI.com
ALEXANDRIA, Va., July 17 (UPI) -- The American Conservative Union allegedly said in a letter to FedEx it would offer the U.S. company support in a dispute for money, an exclusive report said.
White House Eyes Bailout Funds to Aid Small Firms
Jul 11th, 2009 - Washington Post
The Obama administration is developing an initiative to take money from the $700 billion rescue program for the banking system and make it available to millions of small businesses...
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Money As Debt II- what really happened to our economy.
Bailouts, stimulus packages, debt piled upon debt...Where will it all end? How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! (Business & Finance)
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The U.S. Treasury is working on an internal project informally called “Plan C” which seeks to deal with further problems in the economy before they occur. The anonymous report came out stating the administration is reluctant to commit any additional money especially to the level mentioned in the report. However this is a disturbing new...(Business & Finance)
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