The Small Business Lending Fund, set up last year with $30 billion to help banks jumpstart lending, disbursed a mere $4 billion and is to expire. The DOE's program subsidise nearly $11bn in loans. The Small Business Fund was a nightmare for community banks to get approval, while the DOE's fund was issuing funds easily and even to losers like Solyndra.
This comparison begs the question why in our current economic mess would we restrict capital to small business and freely give it to green energy? Small Business has and will all ways be the engine of the US economy. What are your thoughts on why the programs were put in place in this manner?
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