Small Businesses Squeezed By Bernanke Bond Action?
Sept. 18 (Bloomberg) -- Frank Sorrentino, chairman and chief executive officer of North Jersey Community Bank, talks about the Federal Reserve's decision to expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month and its potential impact on small businesses and banks. Sorrentino also discusses the impact of Basel III capital standards on community banks and mortgage delinquencies in New Jersey. He speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
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