…but the big banks don't actually lose wealth, given their blank check from the government. Losses cause crunches elsewhere, via the taxing/printing/managed-de

…but the big banks don't actually lose wealth, given their blank check from the government. Losses cause crunches elsewhere, via the taxing/printing/managed-decay policies which buy the banks an unlimited number of get-out-of-bad-decisions-free options. Who finally pays is left as an exercise for the reader, both figuratively & literally.