Some commented that the danger in waiting too long was that, by the time they sought a loan, their financial position had deteriorated to a point that raised underwriting concerns. Many small businesses expressed uncertainty about business prospects in the near future, affecting current credit and business decisions.
Such a programme should be implemented rapidly and in a broad way, to convince market participants that indeed no bank will fail and that it is again safe to buy bank shares and bonds. This will create a virtuous circle of confidence in the markets that will spread to the rest of the economy.