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Midcaps should be hurting for a while.
- Billionaire entrepreneur and “Shark Tank” investor Mark Cuban said Monday that the recently launched small business loan program has been beset by challenges.
- “Banks are playing themselves. They’re being banks and they’re trying to determine if the credits are good,” Cuban said on “Squawk Box.”
- “Until we get through that friction, there’s going to be a lot of issues and there’s going to be a lot of people laid off and a lot of companies that go out of business,” he added.