On the recordJuly 22, 2010
I couldn't agree with him more that this amendment should not be adopted, should not be added to the small business bill. In fact, she is the rumored choice of the administration to head the new Consumer Financial Protection Agency. The observation I was making was that she, who most of us perceive to be somewhat more on the liberal side, had made strong statements about this particular small business lending finance program and compared it to TARP. She also pointed out that the capital purchase program under TARP had very mixed results with regard to whether it encouraged banks to participate and lend. It also carries with it, as TARP did, an inherent risk that taxpayers may be left on the hook. It has been that this will be a revenue raiser, that this, the $30 billion TARP, is going to actually generate a $1 billion budget surplus.
