We are in a spiral that can only be broken by federal policies that encourage banks to become a community partner rather than running scared of federal oversight. Lending has always been a risk but minimized with sound judgment. We can’t get out of this economic depression without money flowing from banks to small businesses.
Banks are not lending money
Our economic problems become past history when we see positive job numbers
We won’t see positive job numbers until small business starts hiring
Small business represents 56% of our Gross Domestic Product (GDP)
Small businesses can’t obtain capital from banks NOW scared of risk
Small business are not hiring
Banks are not lending money
And we start all over again.
Brace for a difficult 2010. Real estate development is a high risk-reward industry. When do you think banks will again lend money for construction of homes, commercial/retail, mixed use, or any other real estate development project????
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