Bank of America sets sights on new victims: small businesses.

[dixiegrrrrl]

5. Appreciate your asking....here is where my thinking went

Banks now "monetize" all loans...car loans, student loans, etc. Anything they loan they then turn into "products" to sell, usually into
some form of securities.
The housing loans which were used were often--not always, but often-- given to people under very loose credit standards, and eventually resulted in a bubble, which popped.
banks did not care as long as they could, and did, pass the loans along in the form of securities which were sold to pension funds, among other buyers.

Come the housing bust, all sorts of problem were discovered over the subsequent years.

So the banks turned to student loans and car loans, and have been secularizing them. Lots of stories in the news about car dealers who sell the loan before the ink is dry, to the banks who turn the loans into securities and sell them off, ahead of the car buyers who find they cannot keep up the loan payments as the economy gets worse and worse.

Ok..so ..now the banks are going after small business loans, thanks to " loosened credit standards "

It is those "loosened credit standards" which concern me..same game, different target.
And in a still very bad economy.
By the same banks which have not cleaned up their act since they crashed the economy in 2008.