Businesses Unite To Help The Economy
FOR IMMEDIATE RELEASE: March 21, 2009
The Obama administration, will make borrowing available for families and businesses, and attack a mountain of toxic assets that are keeping banks from lending .
DELRAY BEACH, FLORIDA, March 21, 2009 – Maureen Otto, creator of Interactive-Media-Network.com, wants to do her part in helping American small businesses and the economy. Through research and then taking action she created the “Asset Finder Program” which is the creation of a private partnership to back purchases of toxic assets from banks and Institutions by private investors. “This will allow all businesses to become involved and get paid a finders fee for their efforts in helping the economy.” She said, “Since the banks need help in selling more than $1 trillion in bad loans and other troubled assets that are weighing down their books it has become a business opportunity.”
The Federal Reserve created the Term Asset-Backed Securities Loan Facility, or TALF to provide loans for investors to buy assets backed by consumer debt in an effort to make it easier for consumers to get auto, student and credit card loans and to support investors’ purchases of banks’ toxic assets. The FDIC, the agency that guarantees bank deposits, will also purchase toxic assets. The FDIC will create special purpose investment partnerships and then lend those partnerships money so that they can buy up troubled assets. The Treasury will hire four or five investment management firms, matching the private money that each of the firms puts up with government funds.
In his Saturday radio address, President Obama called his budget “an economic blueprint for our future.” He said, “I didn’t come here to pass on our problems to the next president or the next generation. I came here to solve them.”
The administration’s other programs include efforts to deal with mortgage foreclosures, bolster lending to small businesses, unfreeze the markets that support credit card, student loan and auto debt and begin so-called stress tests of the country’s 19 largest banks to make sure they have sufficient reserves to withstand an even more severe recession.
Hedge funds and other private equity investors need to accept the government’s enticements to purchase these assets, the banks and other institutions have to be willing to discount their REO non-performing assets and businesses through the Asset Finder Program” will be paid a finders fee for their efforts. This is a win-win-win situation. This is the course that all should take to turn the economy around. If businesses unite we will create prosperity for all.
People who have home based businesses should also become involved in the “Asset Finder Program”. Do your part in turning this economy around. Become a part of the solution.
About Interactive-Media-Network.com
Interactive-Media-Network.com provides businesses a way to sell online with a high quality pay per action traffic network, along with expert consultative services. Interactive-Media-Network.com’s cost-efficient pay per sale (PPS) affiliate, search and lead generation campaigns acquire new customers who want to buy online and increase online sales. Interactive-Media-Network.com’s advertisers are Fortune 500 and businesses in media, travel, financial services, mortgage networks, insurance products, real estate and 25 other industries. We offer a global research-based and business development consultancy that specializes in communication, online sales and marketing strategies. We have many years of experience in leveraging unique insights about consumer opinion to provide clients with a competitive advantage. We also offer a comprehensive suite of services to companies such as affiliate programs, press releases, reviews, and sales letters.
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