NJECPAC & NJ-IEC Partnering to Protect You And Your Business

My photo
New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

Young Voices Without A Vote

Recent NJECPAC Headlines

NJECPAC

↑ Grab this Headline Animator

Our National Debt

Thank You Soldier

Monday, January 31, 2011

Bernanke Says Small-Business Lending Should Improve In 2011

Federal Reserve Chair Ben Bernanke
& FDIC Chair Sheila Bair
Small-business lending is expected to remain tight in 2011, but is expected to improve over last year. Federal Reserve Board Chairman Ben Bernanke and Federal Deposit Insurance Corp. (FDIC) Chairwoman Sheila Bair said at a recent forum.

"Overall it's still a very tight situation, but things have stopped getting worse and are looking a little better," Bernanke said.

Those sentiments are echoed in NFIB data that show lending conditions are better than they were in 2008, but remain well below levels before the recession began.

(FDIC) Chairman Sheila Bair, who also participated in a panel with Bernanke at the event, agreed that the situation for small business lending has improved. “We think it is turning. Most banks are profitable again. They are working through their troubled loans. We have lower rates of delinquencies and charge-offs. There is a lot beyond our control but if things continue as they are, it’s slowly getting better and I think you will see lending activity pick up,” she said.

Bair and Bernanke made their comments at a forum entitled “Overcoming Obstacles to Small Business Lending,” held at the FDIC’s offices in Arlington, Va. Read More 

Posted by at
Labels: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)