A Hard Place

Banks still understate their bad assets on their quarterlies.
They are still being supported by the Fed. Zero interest doesn't do anybody any good, since business lending - particularly to small businesses - has dropped; no one except the banks, that is. It is necessary for the banks... still !

Which shows you just how incredibly bad they shot themselves in the first place.

When will it end? What is it accomplishing? Why would we want to ensure the continued life of a banking system that wanted to destroy itself and us along with it?