Banks Using Small Business Funds to Repay Bailouts

Banks Using Small Business Funds to Repay Bailouts...Money that was allocated for increasing small business loans will instead be used to repay federal bailouts, according to an official at the Treasury Department who oversees the bailout program. Last year’s law creating the lending program lets banks use money from that program to repay their bailouts. The loan program was a response to the economic downturn, in this case an effort to help small businesses get capital that had become difficult for them to attain

http://www.thenewamerican.com/usnews/politics/6929-banks-using-small-business-funds-to-repay-bailouts