Banks Aren't Intermediaries

There's a very simple principle in banking. Big banks want to do big deals, you know, that's that's the truth. Who wants to lend to small firms? It is only small banks, only for them does it make sense. Small firms are the biggest employer in the US 70% of employment. And the same is true for Germany. Japan 80% of employment is small firms. So if you have many small banks, Japan also has a lot of them. Then your economy is going to be strong and resilient also under crisis. We need to set them up. That's what policymakers should focus on. They should help the movement to set up new banks.