OK, so the nearly $1 trillion Wall Street rescue is all but assured, but the benefits to small business remain to be seen. In the long run, more credit should become available for entrepreneurs who need funding to start a business or expand an existing one, but for now it's the big players who will lap up the taxpayer-sponsored river of capital.
Even if the plan works perfectly and the federal coffers become flush with cash over the next several years--decades?--how can this be seen as anything other than a catastrophic failure of a system that is supposed to self-regulate as a way to avoid such collapses? OK,so the nearly $1 trillion Wall Street rescue is all but assured, but the benefits to small business remain to be seen. In the long run, more credit should become available for entrepreneurs who need funding to start a business or expand an existing one, but for now it's the big players who will lap up the taxpayer-sponsored river of capital.
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