SBA More Stringent on the Little Guy Than on Multibillion Dollar Failures?

I read an article the other day that struck me as unfair, and almost anti small business, because of it’s obvious inequalities between the small business owner, which the SBA (Small Business Administration) was set up to help, and the large, “too big to fail” multibillion dollar juggernauts that seems to be given a free pass and forgiven within a year or causing the greatest economic collapse of perhaps our entire lifetime (let’s hope).

I don’t know about you, but as a taxpayer I am outraged that this already seems to have blown over. I remember thinking that they deserved a lot more grilling than they got about their practices, mostly lending practices, which is what got us in this mess, and how they invested in instruments that were high risk, but it seemed that as soon as the spotlight was off, things went back to normal.

Let me explain myself. Have you been reading about how most of the SAME companies that needed taxpayer bailout just a short year and a half ago are now back to giving millions and millions of dollars in bonuses to their employees and top executives? That’s unacceptable when the companies and the small business men that rely on consumers, have to suffer and cut back and not give bonuses, and this whole mess was the banking system’s fault. Shouldn’t they be the ones cutting back on bonuses?

It especially struck me that there seems to be a much larger burden on the small business owner to prove how they are going to return to profitability before they get “bailed out” for severe financial hardship, while these big companies seem to skate by, providing little solid proof or plan of how they plan to turn things around – safely and sustainably.

Warren Buffett even vented his frustrations recently by saying these fat cat banks and financial institution heads should put some of their own money on the line with their business plans, then let’s see how careful they’ll be. We are all suffering now because of the careless greed of people at the top who just wanted to inflate their numbers, get bigger bonus checks, and further their companies without any considerations for how the chips could fall.