Laundry Room Chronicles: Lending “Uncertainty”

My weekly small biz video segment with Reuters, which discusses Steve Schwarzman’s recent op-ed in the Washington Post. Specifically, I believe that the recent revival of leveraged lending pokes a hole in Schwarzman’s argument that “uncertainty” has caused banks to cut back on small and mid-sized business lending. Shouldn’t that same uncertainty — which will always exist, by the way — apply to large-market lending?

I know some readers disagree with my critique, because large-market loans have a better chance of being publicly-traded. But, as Energy Future (fka TXU) recently showed, such flexibility is itself uncertain. Anyway, video below: