tag:blogger.com,1999:blog-1029676199217587071.post8110343795678621897..comments2010-04-26T10:57:16.283-07:00Comments on Sub Prime Bankruptcy: Sub Prime Mortgages and their devastating effect on the US Economy.Scott Forgeyhttp://www.blogger.com/profile/16500938584748174328noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1029676199217587071.post-16979404746394775672008-09-30T10:13:00.000-07:002008-09-30T10:13:00.000-07:00After yesterday's news (rejection of the bailout p...After yesterday's news (rejection of the bailout plan by the House of Representatives), it looks like the roller coaster is starting to move.Kimhttps://www.blogger.com/profile/11232396675465979531noreply@blogger.comtag:blogger.com,1999:blog-1029676199217587071.post-1608550420304666002008-09-01T13:43:00.000-07:002008-09-01T13:43:00.000-07:00With respect to anonymous' comment, how can a smal...With respect to anonymous' comment, how can a small business be expected to compete against the big box stores who use bulk purchases and strong-arm tactics to undercut any price a small business could charge and still profit? Also, at what level are small businesses expected to employ people and "keep[] the unemployment numbers low." Sounds like government might be a tad bit unrealistic.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1029676199217587071.post-52988923848822957892008-08-27T07:19:00.000-07:002008-08-27T07:19:00.000-07:00We are seeing big reductions in the credit lines g...We are seeing big reductions in the credit lines given to businesspeople who run small businesses. The net result is that small business USA will not be able to adequately fund expansion - hurting the job sector and overall spending.<BR/><BR/>This is not yet known by the public at large - but all of us VPs at the banks are watching as we reduce the average line of credit by 75%!<BR/><BR/>The ripple effect will be a year in the making. Washinton relies on small business expanding and keeping the unemployment numbers low. It will start to spike in 2009 late.Anonymousnoreply@blogger.com