Community Banks May Spurn Obama's $30 Billion Stimulus Plan

Not surprisingly, many small banks who are supposedly benefactors of Obama's $30 billion program to help "community banks lend" to small businesses are saying no thanks.

They have already seen what happens when the government takes an equity stake in a bank and no one is too keen on that. Secondly, most community banks claim to have enough money to lend but just lack the good investment opportunities to do so.