The Chronicle has a story tonight about how consumer debt was down in May. It includes credit cards, so we've got to consider the effect of card reform-banks have yanked open balances, upped minimums, and boosted rates for a couple of years now, mostly in response to the Feb. 2009 reform bill.
Banks have been pulling the credit of even the best borrowers, folks with high credit scores, and upping minimum rates and payments for the same people.
In the meantime, it was reported this week that the Small Business Administration is planning to offer loans through Sam's Club. I kid you not. According to the article
"The loan program will focus on minority-, women- and veteran-owned businesses, as well as very small enterprises."
No way? I never would have guessed THAT.
Up is down, sunshine is rain, dogs and cats living together, etc. George Orwell would be right at home these days.
Showing posts with label Sam's Club. Show all posts
Showing posts with label Sam's Club. Show all posts
Thursday, July 8, 2010
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