This bill will be law before the end of next week.
This bill is huge for community banks. Unlike TARP that was used to stablize the mega banks that typycially do not lend to small business, this bill will put affordable capital into the hands of small banks that had lost much of their capital due to non-performing commercial real estate loans that had prohibited them from making new loans.
With this injection of affordable capital, small business will have access to credit again that in turn will make jobs.
Kudos to the Democrats!!!!!
Don't you guys think this is news worthy on RFT?