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The program will contribute $200 million to local community colleges, universities and other institutions to provide small- business owners with practical busin
by hop 17y ago
The program will contribute $200 million to local community colleges, universities and other institutions to provide small- business owners with practical business education. Goldman Sachs will invest $300 million through a combination of lending and philanthropic support to community development financial institutions.
I wonder how this will affect businesses? As a business owner, I could put to work a check much better than a subsidized community college class. Could $300M even put a dent in nationwide SB lending?
I am sure GS is far better than the gov't at allocating stimulus money, but will this really do anything - or is it just a PR move to shake off its $10B TARP funds, 12.9B from a should-have-been-bankrupt AIG, and the access to the FED discount window when it was allowed to turn into a bank holding company and get money at a ridiculous 0.50% interest rate.
- Alnoor 17y agoThis is quite interesting. If Goldman can borrow at 00.50%, what will it lend to small businesses at?