You know, I may be somewhat of a conspiracy theorist, but I don't believe that anyone does something he doesn't have anything to gain from. And sure - lending to small business may be profitable, even during bad conditions, I guess. Nevermind that the amount of business loans is still declining. But it seems very interesting that this announcement comes right after the whole foreclosure-debacle went public, and fits in so neatly with the political mantra of :
"Small business needs credit! We can't get a recovery without small business having credit"
Of course, what small business wants mostly is to be left the heck alone by politicians and crony bankers. But maybe this is the first move by BofA to try and secure their next bailout, as the US banking sector seems poised to head into Armageddon, AGAIN. Also, the following tidbit from ZeroHedge supports the theory that the beggars campaign has yet again started.
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