We should not have banking concentrated in so few “to big to fail” banks. We don’t need banks that are this large.
>>>We should not have banking concentrated in so few “to big to fail” banks.
Approximately 60% of those loans were made by community banks of $10 billion in assets or less. A total of 4,975 lenders were participating in the program. That doesn’t sound terribly concentrated.
Small business should use small banks. Community Banks are awesome and did a fabulous job until the money dried up. I am sure those loans in the pipeline will be submitted or submitted again before the ink is dry.