Summary: Major American banks have begun reporting, of all things, profits! Doug Elliot former investment banker at JP Morgan and now banking expert with the Brookings Institute, reveals what you should make of those numbers. Hint: We're all still looking at a world of pain, but at least the decline seems to be leveling out. Plus: Supervisors, if the workers are sitting around waiting for the company to fold, expect a little gallows humor, OK?
