TARP $$ for small-biz lending

bank genericPresident Obama has proposed using $30 billion from the TARP bank bailout program to create a small-business lending fund to spur job growth.   Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, said he has been suggesting such a fund but that bankers may be skeptical that it may come with crippling red tape.

“If the Treasury were given a ‘do over’ on the original TARP program, it would look something like President Obama’s new small business lending fund.”

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

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