The 'Credit Gap' and Ability to Repay
The article "Fed Wrestles With How Best to Bridge U.S. Credit Divide" (page one, June 19) seems to indicate that a bank not lending to people with bad credit is somehow a bad thing and that the key to reducing unemployment and expanding the economy lies with the Federal Reserve. It is as if the free market has absolutely nothing to do with it, as if small businesses aren't the most important engine for economic growth in this country and never have been.</br></br>The "credit gap" has very little to do with why our economy isn't recovering. To focus so heavily on this as the cause of our economic troubles is to admit to not knowing what is going on at all.</br></br>Steven Jones</br></br>Oakland, Tenn.</br></br>---