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Old 11-19-2009, 11:07 PM
Franc Tireur Franc Tireur is offline
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Geithner: 'The credit crunch is not over'

One day after Goldman Sachs' CEO apologized for his bank's role in the financial meltdown, Treasury Secretary Tim Geithner called on the nation's financiers to step up and do more to fix the damage they helped cause.

"This credit crunch is not over," Geithner at a small business financing forum in Washington hosted by the Treasury. "It may feel dramatically better for large companies, but it is not over for small businesses across the country."

The nation's banking system was stabilized with taxpayer dollars, and Geithner said he holds the biggest banks accountable for passing the torch from Wall Street to Main Street.

"Banks bear some responsibility for the extent of the damage caused by the crisis," he said. "And they carry a substantial obligation to help our communities get back on their feet."

Geithner and an assortment of top Washington officials, including Small Business Administrator Karen Mills, met Wednesday with a gathering of bankers and small business owners to address the credit crunch that has plagued small business owners for more than a year. Frozen out by banks unwilling to make risky lending bets on startups and small companies, the nation's 6 million small employers are struggling.

http://money.cnn.com/2009/11/18/smal...ex.htm?cnn=yes

As a very small business owner myself and struggling, the Nevada state did not find a better way than doubled my licence state fees when at the same time my gross income is sinking, well done guys!

Why as a very small business owner should I pay the same licence state fees than companies making millions dollars?

Something is very wrong and nobody help people like me!
 
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