Ed Schultz says it looks like Sen. Harry Reid might have the votes. Give me your... read more
The Ed Show: Fed-up with the Federal Reserve
Ed Schultz says, "We have been talking to people involved with Main Street Community Banks."
Ed says, "Community Banks are treated with different requirements and standards than Wall Street and Investment banks."
He says, "Community Banks are required to have more cash and hard assets on hand to get access for money to provide loans to main street business."
Ed says, "Wall Street and Investment banks are allowed to have more of their assets on paper and speculation, with a smaller percentage of cash on hand."
He says, "Federal rules and regulations are different between Community banks and Investment banks."
Ed Schultz says, "Community Banks are held to a higher standard."
He says, "Investment Banks are allowed to take on riskier loans, without the secured assets."
Now Community banks are suffering to get badly needed money to main street businesses because of all the TARP money that went to bail out Wall Street and speculative banks.
The Ed Show Psycho Talk: Fox fails to stir outrage over bow
The Ed Show Playbook: Animals in danger of extinction
If you missed any of "The Ed Show" on MSNBC you can watch it right here.
Sen. Tom Harkin, D-IA, joins the 3rd hour of Friday's show to discuss the vote coming up on Health Care.
We're doing our part to help the economy by promoting American made products. The 3rd hour is Recession Buster Friday. Call in with your business, website and phone number.
