> That makes it sounds like bank is taking on some form of risk, but they're not. They did take on some risk -- they need to ensure the loans they make conform

> That makes it sounds like bank is taking on some form of risk, but they're not. They did take on some risk -- they need to ensure the loans they make conform to the law passed mere days ago in order to get the government guarantee. Beyond the massive overtime put in by bank lawyers to understand the rapidly passed law, there are apparently ambiguities and contradictions in the law that are not resolved, and losing the guarantee is a huge risk considering how many businesses on the brink are applying for free money. It's not clear where the line between risk premium and profit is, but it's not zero.