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    Treasury to introduce program to help small banks
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    The program was opposed by a key lawmaker, Rep. Jeb Hensarling, R-Texas. , a GOP member of the congressional oversight panel for the bank bailout package. "I will strongly suggest to community bankers in my district that they reject an invitation from the Obama administration to participate in TARP. Small businesses in the 5th District of Texas are hurting because they are over-taxed and over-regulated" Hensarling said. "I have not seen any evidence that the administration is ready to provide relief on those fronts. Full Article at MarketWatch
    I will strongly suggest to community bankers in my district that they reject an invitation from the Obama administration to participate in TARP. Small businesses in the 5th District of Texas are hurting because they are over-taxed and over-regulated
    – Jeb Hensarling SOURCE: MarketWatch 1 month ago
All quotes from:
Treasury to introduce program to help small banks
  1. I have not seen any evidence that the administration is ready to provide relief on those fronts. In fact, small business owners can expect more barriers to job creation as President Obama, and the Democrat Congress, advance their plan to tax, borrow and spend its way into prosperity -- an economic theor...
    SOURCE: MarketWatch 1 month ago
  2. They are the kind of loans that require a deep knowledge of a local community and community banks have carved out a specialty in that
    SOURCE: MarketWatch 1 month ago
  3. If Treasury invests more in community banks they have more funds to lend and that creates more demand. You have more supply and demand of SBA loans.
    SOURCE: MarketWatch 1 month ago
  4. Despite this announcement, the administration should terminate TARP at the end of this year
    SOURCE: MarketWatch 1 month ago
  5. When the SBA stands behind loans, it substantially reduces the likelihood of default
    SOURCE: MarketWatch 1 month ago
  6. We were hoping to create a program that would provide sufficient incentives for private investors to invest in banks rather than waiting for them to fail and buying their assets then
    SOURCE: MarketWatch 1 month ago
  7. Investors are saying we'd be happy to invest in you but we would like to see Treasury invest along with us. We were hoping to jump start that process, by getting Treasury to commit to investing in banks that could satisfy the two tests of private equity and two submitting a capital restoration plan that...
    SOURCE: MarketWatch 1 month ago

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