Bank earnings are good.    Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much.  And I'm not sure I'd call JPM "good" as $5.2Bn of the quarter's $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults.  Since the Federal Government threw $6Tn at the economy since then – it turns out they didn't need the $5.2Bn to cover bad loans so now the money (which was always in the bank) is moved to the income side of the ledger.     IN PROGRESS