All the major banks reported earnings this week - that means investors got a look at the financials, along with hearing from the executives in charge. Virtually every major bank increased loan loss reserves by exponential numbers over the last 12 months. Many of the banking executives also had commentary related to stimulus checks and government assistance. Virtually all banking executives agree, the stimulus checks - including the $600 unemployment benefit boost - has mitigated the effects of the economic recession we are in. At some point those benefits will expire - and the United States will likely experience the worst economic recession of all time.

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