June 30, 2020
How to help small businesses in the next round of government stimulus
Forbes, June 30, 2020
How to help small businesses in the next round of government stimulus
UC Irvine Law Professor and banking expert Mehrsa Baradaran suggests cutting banks out of the process entirely. “If you really want to give money to small businesses, you should give it directly to them, rather than through big banks,” she said. “A handful of really large banks were in control of the flow of funds to small businesses. It’s undemocratic that these banks get to decide how these public funds are allocated.”