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Banks are not out of the woods yet! Bank troubles are just starting. Banks have been lending to the wrong consumer for decades. Business lending has decreased every year since 1980. At the same time, banks have increased lending to the consumer. Instead of pristine government debt in their books, banks carry junk debt with depreciating collateral in their books now. 90% invested in consumer debt many banks are insolvent and are kept alive by accounting changes and government cash to remain liquid. Deflationary crash continues:
http://www.tradingstocks.net/html/signs_of_deflation.html
Peak losses ahead. FDIC insurance is not a sure thing. FDIC is broke:
http://www.tradingstocks.net/html/fdic_insurance.html
FDIC is levying extra fees to the member banks to pay for the failures. These extra fees will push marginally healthy banks to the edge and more may fail. That results in even more fees! And the dominos start falling. Is your bank safe?