The Importance of Lending to the Business Sector

Post GFC it's a lot more expensive to lend and post GFC because of qE The longer term rates are a lot lower. So a lot of companies are simply just tapping the capital markets rather than going to the banks. And as low those loans slowly Roll off the bank's balance sheet as they're forgiven It looks like the bank's are not owning less but actually they just kind of they actually just kind of made a bunch of loans and they justkind of They got Cancelled by the government.