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30:52
TARP for small business
In an effort to turn around high unemployment, reports indicate that the Obama administration will use money from the TARP government bailout program to support small businesses. Under one plan, a new entity of TARP would provide money to banks without restrictions as long as it is used to support loans to small businesses. Is this a good way to increase jobs? Larry looks at the details of the plan.
In an effort to turn around high unemployment, reports indicate that the Obama administration will use money from the TARP government bailout program to support small businesses. Under one plan, a new entity of TARP would provide money to banks without restrictions as long as it is used to support loans to small businesses. Is this a good way to increase jobs? Larry looks at the details of the plan.
Guests:
Neil Irwin, national Economy Correspondent for the Washington Post
Patrick Garofalo, economic researcher and blogger, Center for American Progress
Peter Morici, economist and professor of business, University of Maryland