Banks Pledge Increase in Small Business Lending

Hi Chris

With regards to the below the vast majority of problems facing the UK is due to the cuts and decisions made by the clowns in parliament at present, who Claim everybody is to blame but themselves for the dire shape of the economy at present. They have made record numbers unemployed or redundant due to companies trying to save money therefore it is cheaper to let staff go.Our Armed Forces and national health service are also taking a massive hit also in these cuts. With regards to the banks willing to lend more capital in order for small businesses to get started it will not change much. they should be more willing to support current companies and staff who have financial issues, due to this recession. They are making the problem worse by making thousands of people unemployed myself included, which are then reliant on state benefits until they find a job, which the competition to find a place even in poorly paid jobs has gone up 200%.They should turn this country in to a attractive prospect for business and foreign traders. rather than make so many restrictions and financial issues prospective companies will go abroad where it is easier and cheaper for them to set up and run a business.This country should be attracting people and companies from around the world as it is a great place to live and work. but the people in power are doing the exact opposite a large percentage of our skilled workforce are going and working abroad as appart from the fact they get paid more, they have a level of job security, which unless you are a politician this country no longer has.

Many of the banks on the list are “too big to fail” and the reason small businesses are in trouble in the first place, since they trashed our economy, encouraged liar loans, foreclosed illegally in many cases and engaged in other predatory lending practices. Many small businesses and individuals have closed accounts at these banks in favor of smaller community banks and credit unions.

M&T is infamous for helping put Scott Walker into the governor’s chair in Wisconsin, causing many police, firefighters and teachers to withdraw their accounts from M&T.

In other words, this announcement is like putting a cyanide soaked band-aid on an aortal Hemorrhage.

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It’s possible that banks are pledging to increase lending over the next few years since SBA loans are guaranteed against default by the federal government, which brokers say gives lenders a little extra breathing room in a down economy.