David Marlett, Ph.D.is a professor in theDepartment of Finance, Banking and Insurance at Appalachian State University. He holds the IIANC Distinguished Professorship and serves as Managing Director of theBrantley Risk and Insurance Center.
Joe Brusuelas, chief economist at RSM, said in the event of a “large economic downturn,” the federal government should create a special lending facility that would provide financing directly to small and medium-sized businesses. The goal would be to minimize layoffs and bankruptcies. ...