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Anonymous User February 5, 2010 at 11:08pm
Isn't lenient lending what got America into financial trouble with Fannie Mae and Freddie Mac?
With 8 million Americans out of work and still climbing where are the small businesses going to get customers? The U.S. is already declining in tax revenue because of the Obama economy. Every family I know has cut back on non-essentials, so it doesn't appear to be a good financial climate. I don't believe the local bank president wants to loan money in such an uncertain time. He works for a living too. It wouldn't be long before he was out of business if he loaned money to businesses that didn't have customers.
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