[Podcast] Economy Taking Toll on Microlenders and Borrowers

Posted on | February 15, 2010 | 1 Comment

I first got wind of the difficulties microlenders are having because of crappy-economy-related-borrower-defaults thanks to an email I got for an individual who shall, for the moment, remain nameless. He was the one who came up with the “microTARP” term and idea but I liked it so I used it.

It’s pretty typical of the questions I get asked by microbusiness owners, too: why is the government so quick to rescue the big boys but not us little guys down here.

The way the feds throw resources at already-resource-rich parts of the economy while leaving the rest of us to struggle on our own is what you might call the ultimate uneven playing field.

Then again, when you stop and think about things like that passel of idiot regulatory proposals targeting independent contractors and the firms, you start wondering if maybe it’s a good thing to be ignored by the federal government.

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For more information:

• Friedman Associates
• Association for Enterprise Opportunity
• Independent Contractors [Survey] from the NASE Staff Blog
• SBA Office of Advocacy

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