An interesting Week for Politics and Finance Indeed

There was no shortage of news this week for the blogs of the world.

We saw the AIG Bonuses to their executives be granted as legal and the taken back with a 90% tax rate, new guidelines being drafted for new bailout recipients to prevent a repeat of the excessive bonuses. Then small and medium sized businesses are being granted additional funding and the visit to Detroit led to the US Government getting into the Accounts Receivable Factoring business.

Our President has really been busy this week and I will be very interested to see what the survey say about the confidence level in North America now that all this has been happening.

The President has done more in the last week than I have seem most elected officials do in an entire term of office. I am sure there will be more to come and quickly because the work that Mr. Obama has put into motion has just started and there is no end in sight to what has been going on in the US politics recently.

I have not met one person that is not impressed by the results of the AIG bonus issue (since I do not personally know any AIG execs). Most people are impressed by President Obamas strength and determination to get the economy back on track.

In regards to the additional funding for small and medium sized business, this has been a long time coming. I must say it is not a surprise to see this developing but most people in the Commercial Finance Industry are very pleased to see it. The economy need stimulation and the best place to do this is not with the major corporations but rather the small to medium sized companies as these are the employers of most people in North America.

I have to say the government getting into Accounts Receivable Factoring was a bit of a surprise to me know. The fact that Accounts Receivable Financing being a major part of the rebuilding of our economy is fully expected due to the state of many companies financial statements due to the last few years helped to predict that. Purchase Order Finance will also be on the rise very shortly too since that goes hand in hand with orders that are forthcoming with the reality that not all companies will have the ability to get at the government funding directly.

I will be back next week with more so stay tuned

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