GIC Board Chair, William Dunkelberg – Small Business, Small Banks & Credit—Two Views

June 17, 2010

If you listen to Washington and New Yorkers working for bailed out institutions or in offices 100 floors above Wall Street, the recovery is weak because banks, and now small banks in particular, won’t lend money to small businesses. There has been plenty of evidence to the contrary (demand is weak rather than banks are hoarding money), but facts don’t play well in Washington.