Federal agencies must work together to unclog credit

04/24/2009 | Bloomberg Businessweek

The $15 billion package the administration intends to invest in small business will have no impact unless all federal agencies coordinate their efforts to unfreeze credit, writes Lou Hoffman, CEO of his own technology-focused public relations firm, in BusinessWeek. "If Washington can't get the banks to redefine what constitutes creditworthiness for small business and truly reestablish the lending pipeline, the impact goes beyond more job loss," he says.

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