Feb
27

As Wall Street Thrives, America’s Little Guy Chokes on Paperwork

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  • Small businesses are getting a shrinking share of lending pie
  • From QE to compliance, post-crisis policy has favored bigness

If some American banks are too big to fail, others have begun to feel they’re too small to succeed.

Just ask Joey Root, the president of First Liberty Bank in Oklahoma City with $310 million in assets. Root says small banks like his are being squeezed hard these days, even as the likes of JPMorgan Chase & Co. prosper. Small borrowers are losing out to big ones, too.

Community lenders like Root didn’t have much to do with the buildup of risks that triggered the 2008 crisis. And when the rules were tightened in response, as they had to be, there’s a case to be made that they took a disproportionate hit…

As Wall Street Thrives, America’s Little Guy Chokes on Paperwork

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