First of all, Harry stated that, “small business is really the driver of this economy.” This means that the government ought to backstop a four percent mortgage program to reduce the option of lending in banking institutions. Apart from that, Harry stated that, “the economy is in a free fall” and that banks lend money to businesses in order to earn a single digit return, taking enormous risk.
Meanwhile, Alex has discussed how the FDIC insured differ from other non-bank lenders. In the interview, Alex said that “FDIC insured banks here on Main Street are serving their communities, providing credit” and knowing that their money's safe in an FDIC insured bank account. Alex also stated that the government needs to look at those types of things, the FASB rules in order to provide individuals better understanding with regard to lending.
By: Tom Gibbins – a visitor of http://www.prweb.com/releases/2013/HarryRady/prweb11420309.htm