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Article: Temporary Credit Facility to Unfreeze Secondary Market for SBA Loans
- Article from:
- Targeted News Service
- Article date:
- November 21, 2008
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The Independent Community Bankers of America issued the following letter to regulators:
November 21, 2008
The Honorable Ben S. Bernanke
Chairman
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551
Re: Temporary credit facility to unfreeze secondary market for SBA loans
Dear Chairman Bernanke,
The ICBA greatly appreciates your continued efforts to stabilize the credit markets during this extraordinarily challenging time in our financial system. As you know, the nation's community banks largely avoided the subprime debacle and toxic investment products that have crippled many giant financial institutions. Community banks stand ready to ...