Banks Used Small Business Funds To Help Themselves & Not Small Businesses - Your Black World
Black News

Banks Used Small Business Funds To Help Themselves & Not Small Businesses

bailout_people_not_the_banks

By Staff Blogger

President Obama’s Small Business Lending Fund has been used for other purposes other than was originally intended. $2.1 billion was paid out for paying back bailouts according to a federal investigation.

Community banks have used government funds to pay back their recession-era bailouts after the government bailed them out in 2008 and 2009 under the Troubled Asset Relief Fund (TARP).

Read Original Article At Techyville

To Top
// Infinite Scroll $('.infinite-content').infinitescroll({ navSelector: ".nav-links", nextSelector: ".nav-links a:first", itemSelector: ".infinite-post", loading: { msgText: "Loading more posts...", finishedMsg: "Sorry, no more posts" }, errorCallback: function(){ $(".inf-more-but").css("display", "none") } }); $(window).unbind('.infscr'); $(".inf-more-but").click(function(){ $('.infinite-content').infinitescroll('retrieve'); return false; }); $(window).load(function(){ if ($('.nav-links a').length) { $('.inf-more-but').css('display','inline-block'); } else { $('.inf-more-but').css('display','none'); } }); $(window).load(function() { // The slider being synced must be initialized first $('.post-gallery-bot').flexslider({ animation: "slide", controlNav: false, animationLoop: true, slideshow: false, itemWidth: 80, itemMargin: 10, asNavFor: '.post-gallery-top' }); $('.post-gallery-top').flexslider({ animation: "fade", controlNav: false, animationLoop: true, slideshow: false, prevText: "<", nextText: ">", sync: ".post-gallery-bot" }); }); });