This is a scary chart for any U.S. bank. Unfortunately, our leaders have misdiagnosed our problem as a banking crisis and not a Main Street crisis. We have ignored the real root cause of the problem which lies not with the bank balance sheets, but with the household balance sheets. As I have long maintained, we are looking more and more like Japan and the balance sheet recession they suffered. While we ignore Main Street in favor of Wall Street it’s likely that the recession on Main Street will endure….