We have to admit that that there aren’t many things that are good about the financial crisis that were in right now. However, and this is a big however, what we see as the silver lining to all of this nonsense is that it’s taken the bank’s ego down a peg.

Remember 12 months ago? The banks were riding high, credit was easy to get, and just about everyone short of incarcerated criminals was getting a mortgage. Bank presidents and CEOs were pulling down mega bonuses, and getting slaps on the back from the old boy network at the country club. (more…)