"Bailout" news may not be good for bootstrappers
Filed in archive Bootstrapper News on October 2, 2008
Photo courtesy of iStockphoto, Lilli Day
As a revised version of Monday's failed Wall Street "bailout" legislation passes the Senate and is now being evaluated by members in the House here in the U.S., it's time again for reflection.
I've posted before about my doubts that a credit crunch really represents the end of the world for small business, especially bootstrapping entrepreneurs.
Is there anyone else out there who finds it difficult to swallow that without a $700 billion rescue package banks will stop loaning money (what's their business again?) and car manufacturers and realtors will refuse to sell cars and homes respectively?
Here's an alternate perspective on the whole Wall Street rescue thing from Skinner Layne at "Common Sense and Common Virtue". Enjoy!
Tags: Wall Street bailout economic rescue credit crunch financial news bootstrapping business startup entr
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Rating: 9.75 out of 4 vote(s) cast.
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Response from:
janifar
(10/03/08 7:16am)
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