Last Sunday's New York Times said these 5,500 community banks have only 12% of total U.S. banking assets, but they have issued more than half of the banking industry's small business loans.
That means that the really, really big banks, like J.P. Morgan, have 88% of total U.S. banking assets, but they've issued less than half of the existing small business loans.
If the big banks wanted to, they could go on a lending spree and jump start our national economy and let the small business "job creators" actually do their thing.
Big American businesses have access to equity markets and cheap corporate bonds to finance their operations.
The big banks need to get off their assets and make more loans to small businesses.