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Obama Pledges $30 Billion to Fund Community Banks’ Loans to Small Businesses

January 28, 2010 in Banking Report · Leave a Comment 

President Barack Obama pledged Jan. 27 in his State of the Union address to provide $30 billion in Troubled Asset Relief Program funds to community banks that agree to increase their small-business lending.

“So tonight, I’m proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help…

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