The point is not to save banks. The point is to get lending, to get capital into the hands of small businesses. ... That is the beauty of this public-private partnership; we are channeling, we are connecting to the power and wisdom of the small banks that understand the economy on their Main Street, that understand the reputation and capabilities of the folks who are asking for the loans, that understand the local economic dynamics.
Merkley addresses concerns about a lending program and emphasizes the role of small banks in capital distribution.
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