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Archive: Jul 2009

  1. When Things Got Tough Hank Paulson Went Skiing

    Hank Paul­son said the unimag­in­able last week. He tes­ti­fied that he was off on ski­ing when he had his famous tele­phone call with Ken Lewis where he strong armed Lewis and Bank of Amer­ica to com­plete the acqui­si­tion of Mer­rill Lynch. Lewis had pre­vi­ously tes­ti­fied that he thought that Paul­son was on a bike ride […] [read full story]

    Posted in: Credit Crisis, economy, Executive Fitness, Finance, Politics, Public Policy
  2. Small Business Lending Programs Aren’t Working and Need To Change

    Pro­grams to get small busi­ness lend­ing mov­ing aren’t work­ing. Instead of a resur­gence of small busi­ness lend­ing the sit­u­a­tion is get­ting worse. Last week the Wall Street Jour­nal reported that the White House was search­ing for ways to help small busi­ness by unlock­ing frozen credit. This week CIT, the largest small busi­ness lender in the U.S., […] [read full story]

    Posted in: Credit Crisis, economy, Finance, Obama, Politics, Public Policy, Robert Blum, Small Business Lending