President Barack Obama unveiled plans to refocus spending of the government’s $700 billion financial bailout away from Wall Street’s big financial institutions and toward small businesses on Main Street. The idea is to make it easier for smaller community banks to provide credit to small businesses. This all goes through the lawmakers on Capitol Hill to increase the maximum size of loans small businesses can receive. President Obama would also like to provide infusions of money to small banks at low rates, provided they agree to increase lending to small businesses. Financial institutions, including credit unions and banks, that serve low income areas would also get help at even lower rates to help small businesses in the hardest-hit rural and urban areas. The bank help would come from the money still available in the $700 billion rescue fund. You remember this was the TARP money (Troubled Asset Relief Program) that is set to expire at the end of the year. It is not spend it or lose it but with the economy stuck after all the cars the administration has played this card will be dealt from the bottom of the deck. The other plans for the unspent funds have been help reduce foreclosures, or create jobs, and reduce the national debt. The only good news is the Treasury Department intends to wind down and terminate bailout programs.