Williams - Cash Flow Dilemma

Armstrong Williams

Are banks and state governments unwittingly colluding to prevent millions of Americans from being able to afford to pay their bills or profitably run their small businesses? Several pieces of economic data have raised serious questions about the ability of a whole subsection of Americans and small business owners to take the first steps toward building wealth — namely, lack of credit. For many Americans, this will preclude their ability to meet short-term financial commitments let alone achieve long-term financial stability. What is driving these negative trends in consumer and business credit? It is the same banking regulators who are supposed to be looking out for and protecting consumers. In fact, the constriction of consumer credit is the product of banking regulators who have continued to add to the hurdles that banks must meet to make loans, including raising the banks' reserve requirements. As a result, it makes it nearly impossible for the banks to meet the credit needs of this growing population of Americans — nearly 100 million strong. Read more here:

Williams - Cash Flow Dilemma