Small Businesses are concerned about the economic crisis that our nation is facing. Small businesses make up 99% the total companies in the United States, states academic.mintel.com. Because there is a credit squeeze, businesses are not having an easy time getting financing. Also because of the financial slowdown some of their revenues may be decreasing. Businesses depend on the government to ease the penalty on our financial system. The present uproar in the financial sector has put pressure on families and banks as well as businesses in the country. Market specialists say that this financial downturn could turn out to be a serious recession that could lead millions to loose their jobs, destroy millions of peoples’ retirement savings and hurt many innocent businesses. Businesses are worried that this could have an effect on their ability to purchase property, buy a car, or keep their saving safe. According to Senator Susan Collins (Collins.senate.gov), who was a regulator for financial services of Maine, this is a complicated issue and many are to blame. The main problem is the dangerous schemes of anxious Wall Street executives for their own financial advantage. Real estate has had complications for over a year now. Lenders rules have been too easy going. Regulation of Freddie Mac and Fannie Mae has been inadequate. Misinformed borrowers took more loans out that they could not pay back. Lenders try to win the advantage over desperate consumers. Senator Collins recognizes that more effort could have been applied by both Presidents Clinton and Bush, and also Congress. They could have had stronger regulation on the financial sector and watched the mortgage notables Freddie Mac and Fannie Mae. Businesses might be happy to know that recently Congress passed legislation whose purpose is to improve the economic crisis. This legislation was quickly signed and made lawful. Some provisions in the law are to strengthen protection for taxpayers, cutback on overcompensation and stronger overseeing and financial recording. This agreement gives more protection to businesses and tax payers. The chances are small that businesses will be hit with a $700 billion tab, Senator Collins also explained. If the bill is managed effectively businesses will be able to recover their cost and implement a stable plan. Businesses can get more comfort in knowing that the new law bill increases the deposit-insurance protection for bank and credit union clients from $100,000 (for each account at each institution) to $250,000 for a short period of time only. This can remind businesses and consumers that banks are safe during this crisis. The new law is the first step in shaping the economy and use federal regulation in the best way it can be used. With this economic slowdown, there will be some differences in the workplace that people will need to adjust to. George Munchus, PD. Chairman of the Management and Organization in the UAB School of Business said this (at www. Newswise.com), “small-and medium-sized business owners should look for ways to adapt to a changing economic climate and warn employees that workplace flexibility will be necessary to continue operations. During this slowdown, many small businesses might close and se