What a dreadful situation for business!
No loans. No credit to oil the flow of goods and services…
Why? Banks say they are open for business. But business says there’s no money flowing.
Could it be that bankers think they’ll get no bonus this year? They won’t lend money unless they stand to gain a bonus?
No bonus, no credit.
Is that what’s going on?
If you’ve worked for years in a system and culture driven by the incentive of bonuses, you have the habit of thinking bonus. You’ve forgotten what it was like to work according to a job description: lend money to customers you consider to be a fair risk. All you think about is ‘how much bonus could I earn from this loan?’
If you’ve been led by directors who earned fabulous bonus, you’ve got used to following the leader.
Maybe you need a period of time to adjust your thinking and behaviour?
A year or so sowing seed potatoes and harvesting wheat might be in order before you are cleansed enough to play a role in the bank of the future.