According to Louis Hernandez, U.S. government policy is geared toward the too big to fail banks and this undermines community banks and Credit Unions which serve small and medium sized businesses. His contention is that there is a vast difference between ‘main street banking’ which serves local communities and SMEs and ‘wall street banking’ geared toward large global enterprises. In his view, to create jobs policy needs to look more to sustaining community banks and credit unions, which have lower charge-off and delinquency rates than large banks, which get subsidized funding because of the perception that they are too big to fail. Hernandez, author of the book "Too Small to Fail," talked to Pimm Fox this past Monday on Bloomberg Television about what he thinks should happen to correct this bias.