Hihope Hiland Heathen of Perth CD, RE, CGC, TDI. (RIP)
teracroft Clan Piper of Perth CGC TDI (RIP)
Boyne's Fast Break of Perth RN CGC CGCU( munchin in training)
Dave pm'd me telling me that you conservatives were telling him how worried you are about me because of my posting habits changing.
Based on these responses Dave made that up.
Maybe the side of his head is just gtting sore!!!! (~%
Stan b & Elvis
Did something change in Federal regulation, or did lenders become more conservative because of loan losses that they have experienced?
The administration has had two bills pending for months to try to expand loans available to small businesses: H.R. 5297 (Small Business Lending Fund Act of 2010) and H.R. 5486 (Small Business Jobs Tax Relief Act of 2010). Both have passed the House and are awaiting action in the Senate but are currently blocked by an absence of Republican support.
GOP amendments included measures to beef up border security, impose a government spending cap and lower the estate tax, which is scheduled to return next year with a top rate of 55 percent on estates larger than $1 million.
One Republican amendment would repeal a new tax reporting requirement for businesses that was included in the massive health care overhaul enacted last spring.
Democrats, meanwhile, have added about $1.5 billion in disaster relief for farmers who lost crops in 2009, a measure sponsored by Sen. Blanche Lincoln, D-Ark.
Democrats also want to add an amendment to settle long-running class-action lawsuits brought by black farmers and American Indians.
One lawsuit concerned the government's management and accounting of more than 300,000 trust accounts of American Indians. The other is a discrimination lawsuit brought by black farmers against the Agriculture Department. The cost of settling them both: about $4.6 billion.
The small business tax cuts in the bill include breaks for restaurant owners and retailers who remodel their stores or build new ones. Other businesses could more quickly recover the costs of capital improvements through depreciation. Long-term investors in some small businesses would be exempt from paying capital gains taxes.
Much of the bill would be paid for by allowing taxpayers to convert 401(k) and government retirement accounts into Roth accounts, in which they pay taxes up front on the money they contribute, enabling them to withdraw it tax-free after they retire. Taxpayers who convert accounts this year would pay the taxes in 2011 and 2012, generating an estimated $5.1 billion.
This excerpt was taken from an online articel
Doesnt sound too unreasonable to me.......... They want something done with our borders...... can you blame them. Obama is just throwing money at another issue. They are likening this to the bank bailout. The are extending the banks abilities, not small business owners. SUPPOSEDLY..... it will make more funds available to small business owners........ IF THE BANKS WILL LEND. Go try and get a small business loan right now........ ROFL........ Just helpin the banks out, thats all Obama does........
Ultimately, there is no effective way for the government to be the direct lender to small businesses. What the bills do is provide additional funds to community banks -- who were not big beneficiaries of bailout funds -- and tax incentives to loan more funds to small businesses. Whether that will prove effective is another question. I think the real issue is that banks have simply, and understandably, become more conservative in lending. That creates a drag on businesses that were living on cash flow loans. However, it may also be the right thing from a credit perspective.
The SBA has always been more conservative in the amounts it would loan than banks. However, that has made it the lender of last resort so that it is also taking on some larger risks. What I have not found is any indication of a Federally imposed freeze on receivable loans as indicated in RK's original post. I am not saying there wasn't one, but I am not aware of it and would like to see a reference.
With the pissing match that congress has become..... do you really think a Republican sponsored bill would go anywhere???? Seriously Yardley, the republicans only way to get things done is to piggyback and bargain with the Democrats at this point..... I would think you should know this. I agree with most of what you said, but to say that the republicans should introduce their own bill,........... Cmon......
However PMs are sent in confidence, as was that conversation with you.
You have violated that trust, and are not longer an honorable person in my book.
Thank you for the cigars, I enjoyed them when I thought you were a stand up guy. Now I know the truth.
I am truly saddened at the loss of what I thought was a friend.
There, all said in public, so you don't need to blab a PM to everybody.
God Bless PFC Jamie Harkness. The US Army's newest PFC, but still our neighbor's little girl!
I think it was more a banking policy than any regulation.
Maybe fear of what's coming.
Talk to any professional in the finance industry, brokers, investers etc.
They all pretty much tell the same story.
They are all pretty worried.....no.....they are scared shitless!!
Stan b & Elvis