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    Lets expand on this and tell the proper story. I was reading it yesterday in the financial updates.

    I forget the exact percentages but the banks turned down approx 42% of small business loan applications, up from 41% last year.

    Are you suggesting Keith that banks should be lending to businesses that do not have a viable business plan or lack appropriate security or ability to service a loan?

    I am a big supporter of small business and advise a lot of them while not being a big fan of the banks. But this really is a non-story and is all about responsible lending.

    Though corporate lending is not a 'regulated loan' it is possible that the banks are being over cautious due to the atmosphere created by the overly intrusive regulator. The headline figures do not tell us the whole story and we do not know whether it is responsibility or excessive caution. This is not enough of a story to beat the banks with.

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