Media Highlights
October 1, 2008
Surviving Tight Credit
By Cliff Hocker
With a $700 Wall Street bailout deal rejected in the House, one of the largest bank failures in the seizure of Washington Mutual, and an economic fate that is uncertain, African American entrepreneurs who were already feeling the squeeze are facing an even more stringent credit system. "There is only a narrow vein of opportunity for blacks to obtain credit in even the most vigorous economic environment. This financial crisis worsens the plight of African American entrepreneurs as they seek to get credit," says Illinois Congressman Bobby L. Rush. Chairman of the House Energy and Commerce Committee's Subcommittee on Commerce, Trade, and Consumer Protection, Rush believes a bailout of Wall Street banks is required to stop further blockage of black businesses' access to capital.
