What Mike said. “[small business owners] think they are borrowing money where in fact they are a lender to CIT.” Amazing. Is this kind of arrangement common for small business owners? Something does seem to be wrong with this picture…
Do not value money for any more nor any less than its worth; it is a good servant but a bad master. ~Alexandre Dumas fils, Camille, 1852
The Reserve Bank of India has raised interest rates by 25 bps to 3.5% from 3.25%. The timing is unexpected but inflation has been a growing concern of theirs. ...
July 21st, 2009 at 7:14 am
Title doesn’t say it, but he explains how all the small businesses dealing with CIT will get screwed by those doing the bailout.
July 21st, 2009 at 8:48 am
What Mike said. “[small business owners] think they are borrowing money where in fact they are a lender to CIT.” Amazing. Is this kind of arrangement common for small business owners? Something does seem to be wrong with this picture…