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Sunday, January 31, 2010 - 6:59 AM

The Places They Go When Banks Say No [NYT]

From the New York Times
With banks timid about lending, small businesses have turned to unconventional lenders like Hartsko Financial Services, which provides high interest short-term loans to small and midsize companies.
Article mentions how banks like Wells Fargo and Bank of America have cut their lending over the last year. The less lending banks do, the less they need our deposits.
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KenBDGKenBDG5,147 posts since
Nov 29, 2009
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