Banks are still taking a cautious stance when it comes to lending, however, many small businesses need to be able to borrow money in order to expand, which would be beneficial for the new economy.
October seen an even larger pullback of lending from the major banks in the U.S., despite continuing efforts by the Obama administration to increase lending to businesses and individuals, most of the big banks have also now repaid the bulk of the bailout funds.
It’s time for the banks to restart the economy that they helped bring down and lend money to open up jobs, increase spending and return to a great and prosperous economy.
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