Yes to most of the great comments here, as the banks are drawing incomes from the debt they encouraged the community to take - but the credit they lent out was mostly non-existent due to their love of fractional reserve banking. As with all dodgy (too good to be true) practices, they eventually come undone.
Remember when most got the $900, and remember what most were saying in that it won't help the economy because many will just put it in the banks and let it sit there? Correction, it did not sit there: it was dispersed by our banks into the housing market causing the next leg up almost to immediate effect.
The banks must be broken up into numerous smaller groups to minimise their stealth manipulation of our economy. And when one hits the wall and does not get bailed out, then the other banks will soon learn the meaning of accountability and responsibility, just like the rest of us.
