Not All Community Bankers On Board with Small Business Fund

Summary

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There is a chain of blame for tight credit on Main Street. Small businesses, unable to obtain a loan, blame banks. Community banks, under tighter regulations, blame the federal government. The federal government, under pressure from voters still angry about the financial meltdown, blames Wall Street.

And now Washington is making an attempt to get all three to work together to improve the nation's struggling economy, but animosity remains on some corners of Main Street.

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Extract

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Not All Community Bankers On Board with Small Business Fund

"It's always a balance," said Carmen Sunda, executive director of the Louisiana Small Business Development Center. "The lending community wants to reduce their risk. The agencies that regulate them want them to avoid risk...

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