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Obama Seeks To Buy Up Small Businesses
Obama Seeks To Buy Up Small Businesses
WAPO: The Obama administration is developing an initiative to take money from the $700 billion rescue program for the banking system and make it available to millions of small businesses, which officials say are essential to any economic recovery because they employ so many people, ...
TARP Watchdog To Deliver Harsh Testimony On Treasury's Lack Of Transparency
huffingtonpost.com — Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP) is set to deliver... much anticipated testimony on Tuesday before the House of Representatives. Judging from a look at his prepared remarks -- provided by a ... (more) TARP Watchdog To Deliver Harsh Testimony On Treasury's ...
House Dems Take On Geithner Over Bailout Funds
huffingtonpost.com — Congress is getting tired of asking nicely. Twenty House and Senate Democrats sent a letter to Treasury... Secretary Timothy Geithner in May asking if he intended to implement the recommendations of bailout auditors. They never heard back. If there's ... (more) House Dems Take On Geithner Over Bailout Funds
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E-mail from an M&A specialist reveals the true depths of economic despair among business owners
Doug Ross @ Journal — ... (or "Card Check") eradicates the secret ballot requirement for unionizing and mandates government arbitration of wages and benefits if an agreement cannot be reached in a short period of time. The government, then, would be setting wages for business owners! Will small businesses be forced to replicate the extraordinary success stories of Chrysler and GM through Card Check? • The Obama administration also appears to be pushing an initiative that could take equity stakes in small businesses using the $700 billion rescue program for the banking system. What would that mean to ...

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