Lenders balk at conditions of $15 billion small-business program:

04/2/2009 | Washington Post, The

Some lenders are contending that President Barack Obama's $15 billion initiative to provide money to small businesses is flawed. Conditions include limits on executive compensation and possible government ownership of troubled assets, which lenders say will prevent many companies from applying. Joseph DePaolo, CEO of Signature Bank, said the program "puts us in a position that we don't feel is prudent."

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Washington Post, The