SpurNation
11-19-2009, 02:35 PM
That's the nightmare scenario for policymakers as they try to fan the flames of the nation's fragile economic recovery. As long as bank vaults stay slammed shut, fewer startups will launch, successful businesses will have trouble expanding, and struggling businesses are more likely to fail.
"Difficulties in obtaining credit could hinder the expansion of small and medium-sized businesses and prevent the formation of new businesses," Bernanke said on Monday. "Because smaller businesses account for a significant portion of net employment gains during recoveries, limited credit could hinder job growth."
http://money.cnn.com/2009/11/16/smallbusiness/small_business_loans_evaporate/index.htm?icid=main|htmlws-sb-n|dl3|link3|http%3A%2F%2Fmoney.cnn.com%2F2009%2F11 %2F16%2Fsmallbusiness%2Fsmall_business_loans_evapo rate%2Findex.htm
"Difficulties in obtaining credit could hinder the expansion of small and medium-sized businesses and prevent the formation of new businesses," Bernanke said on Monday. "Because smaller businesses account for a significant portion of net employment gains during recoveries, limited credit could hinder job growth."
http://money.cnn.com/2009/11/16/smallbusiness/small_business_loans_evaporate/index.htm?icid=main|htmlws-sb-n|dl3|link3|http%3A%2F%2Fmoney.cnn.com%2F2009%2F11 %2F16%2Fsmallbusiness%2Fsmall_business_loans_evapo rate%2Findex.htm