Report Card on Banks' Small Business Loan Pledges
Ever since the depths of the credit freeze in 2008, the Obama administration has repeatedly called lending to small businesses critical to create jobs and reduce the unemployment rate, which has remained above 9 percent since May 2009. At the end of 2009, Obama pressured banks, especially institutions that had taken "extraordinary assistance" in the form of government bailouts, to do more to get credit to worthy borrowers.
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