Wednesday, August 29, 2012

What are the thickheaded bank regulators smoking?

It is truly mindboggling to hear so much about job creation, without a single word uttered against how bank regulators discriminate against our prime job creators, the small businesses and entrepreneurs… only on account of these being perceived as “risky”.

What are they smoking... might they be talking about jobs on Mars?

Our current bank regulators seem incapable of understanding that when they allow the banks the goody of being able to leverage their capital more if lending to the “not-risky” than when lending to the “risky”, they are effectively discriminating against the “risky” small businesses and entrepreneurs, precisely those we most need to get into action in order to create the next generation of jobs

Honestly, how thickheaded can we allow them to be?