It's an old story by now that banks prefer to make huge loans to Third World countries, governments, and huge corporations than small loans to local business people. Why? Well, because it's more profitable for them to make huge loans to huge entities, that's why. And when they make a loan to the government, it entails no risk, whereas when they make a loan to some small businessman, he may default on that loan if things don't work out.

One 12 billion dollar loan to some government takes a lot less paperwork and time to arrange than 100,000 small business loans to local business people.

So that is why the banks do not prove nearly so amenable to helping the small businessman.

Another thing. If it's a small debtor who defaults, the government will not step in and bail out the debt. But if it's a giant corporation which is in danger of defaulting...well, the government often will step in and bail out the debt in order to "protect the public".

And we've seen quite a bit of that in recent times.