Sour mortgages to hit $30B by year's end
Small businesses across America have been found to be groaning from the weight of economic pressures thus putting them in a situation where they are unable to secure more loans from the huge bailout money that the federal government gave to the big banks. In fact, the financial package that cost more than 700 billion in taxpayers' money did not even give a slight dent on the needs of small businesses to quench their hunger for more capital to expand their operations. In short, the federal government's move, whose primordial intention was to pump-prime the economy due to huge housing foreclosures, has become inutile . Eventually, it had caused so much uproar among the conservatives in Congress and blamed the Obama administration for its failure to study the matter more carefully before making the final move to bailout Wall Street. It could have instigated a move to fatten the capability of the Small Business Administration (SBA) to grant more loans to small businesses rather t