After the 2008 financial crisis many banks were criticized deservedly so for their role int the crisis and the subsequent scandals that followed; the coronavirus crisis could create an opportunity for banks to provide small dollar loans to people who are feeling the hurt from being asked to cut hours or go without pay for a period of time; after 2008 banks were forced to change their behavior, they built of capital buffers and are supposed to be better prepared for the next recession which might be upon us; the banks will still need the government to be willing to guarantee the loans as they are unable to make them without taking on enormous risk; the banks could help fill the void that will continue to grow as the crisis gets worse by the day, but leadership is needed to help put this type of plan in place before it is too late. American Banker
