A Quote by Raja Krishnamoorthi
I've led programs that have helped thousands of individuals, small businesses, veterans, the disabled, farmers get low-interest loans to prosper.
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The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks.
Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.
While many employers do the right thing and provide flexible schedules for disabled veterans, I felt that it was important to provide all disabled veterans with a solution that would help them have access to medical leave. Here's how our bill works: we accelerate the eligibility process for disabled veterans.
The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.
It is unacceptable that disabled veterans in Illinois rank at the bottom of the list when it comes to disability pay. We owe our disabled veterans more than speeches, parades and monuments.
Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.
In one month, the Small Business Administration does $1 billion of loans and guarantees for businesses; many of those are women-owned businesses.
Small loans can transform lives, especially the lives of women and children. The poor can become empowered instead of disenfranchised. Homes can be built, jobs can be created, businesses can be launched, and individuals can feel a sense of worth again.
Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small loans, but that's not the right strategy. The right strategy, of course, is to pay the loan with the highest interest rate. People make this mistake and it costs them lots and lots of money, it's a very expensive mistake because interest rates accumulate and become very, very expensive very quickly.
The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio.
This is deeply disturbing. Congress provided loans to help businesses hurt by the Sept. 11 attacks, not to be used as an accounting gimmick to cover up this administration's failure to provide for small businesses.
As I examine progressive revenue options, I want to make sure wealthy individuals and businesses pay their fair share, that we reduce the burden on low-income and middle-class families, and not drive businesses from Chicago or create a disincentive for businesses to invest in our city.
When students have access to low-interest loans and government aid, colleges have no incentive to cut costs. Why should a college lower tuition if more students are able to pay with subsidized loans from the government?
I have veterans in my family. But I didn't know anything about DAV, Disabled American Veterans.
Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.
I believe the best way to help our small businesses is not only through small-business loans, which we have increased since I've been the president of the United States, but to unbundle government contracts so people have a chance to be able to bid and receive a contract to help get their business going.
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