With all the talk about CRE and small banks in the MSM the next thing you will hear is...
'Small businesses are the lifeblood of the economy. Small banks are unable to lend to these small businesses in order to make payroll or purchase inventory. Yes, we did go all-in on the big banks and somehow forgot about the other 300 smaller banks who actually serve society, but if we do not act boldly and swiftly with a TARP 2.0 the economy may slip back into a recession. No one could have seen the CRE problem coming. Oh, please support cap-and-trade and higher taxes. Oh and health care! We are all about small business when it comes to bailing out banks to serve this pent-up consumer demand.'
Just start a S.mall B.ank L.ending F.acility and give them a bunch of SPARCs.
-Boggler
