112 yr. old business fails to survive Obama era regulations
Rubinkam – 11/5/2012 USA
Though domestic production has ticked up recently, more than 97 percent of the 19 billion pieces of apparel sold in the
"Very quickly it became clear that new regulations that were being placed on banks were crippling banks' ability to do business, and it didn't take along for that to rumble right down and hit us square in the face," he said.
"Many of them have complained to me that the standards for borrowing have become a lot more strict since the recession," said Moutray, formerly chief economist of the Small Business Administration. "It's much tougher to get a loan today than it was in the past."