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View Diary: How to save the economy: part 1 (4 comments)

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  •  I would imagine (0+ / 0-)

    That a number of people here have started businesses. I used to have one myself, buying discounted toys on clearance and reselling them, and my wife has her own graphic design / web design company.

    Lack of funding is definitely a problem; my first quarter in business, I was maxing out my credit cards and paying them off again every week. My brother and I made over $8k that year, but I'm sure that if we had a good line of credit we could have done better.

    Further back, I did Prosper lending, which is essentially what you're advocating here. Most of the loans went bad when the economy went south.

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