JPMorgan Chase's surging earnings show that many of the biggest US banks are becoming more powerful. What happens if they get in trouble again?
With job losses this recession the worst since the 1930s, government stimulus can only do so much.
But unemployment rose to 9.7 percent in August, and many forecasters see a slower than usual recovery.
The Bank of America modified just 4 percent of eligible home loans, says a new government report aimed at prodding banks to do more to prevent defaults.
In earnings reports released this week and last, the four major US banks are showing signs of improvement.
Major banks say they won't honor IOUs that the state has issued. That could increase pressure on lawmakers – but it might not be the decisive factor.