Gist: On Thursday, the government passed the small business jobs act which expand loans to small businesses and give them tax breaks.
Heidi Moore think it will help to fix a mistake done in the first TARP stimulus to banks, where billions of dollars were given to big banks hoping that they will lend it to small businesses. The new thirty billion plan is creating a fund which will be given to banks in hope they will lend to small businesses. Small business owners said that it took too long and that this is not enough. Felix Salmon disagree. He believes that this money will be leveraged and will be translated into hundreds of billions of dollars in landings to small businesses.
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