It’s going to cause the financial collapse and restructuring. Guys at top are pulling out all their holding and bail out money only goes to big guys and friends.
Best solution is to get rid of this structure completely as it is wrong type of business. Banking should be done for small regulated fee based transaction governed by total lending with ZERO money creation by banks over deposits. Credit issued can not exceed 2 percent over prime period if it’s that bad a risk don’t do it.
That being said private lenders should not be held to this other than no money creation. This will allow for higher risk but just for individuals gambling THIER OWN CASH.