JPM and Citi earnings have been good. Not so much for BOA. I know banks are sitting on a lot of lower interest rate loans (like 3% mortgages) while they are paying 5% on CDs. I don't know how many lower yielding bonds they have in inventory that have not been marked to market (because they intend to hold to maturity). It just doesn't seem like a good scenario. Maybe they're making it back on 20% credit card interest but how many borrowers will default?