What's the problem with that you say? Banks were unwilling to open credit markets under a previous administration that venerated Wall Street. Banks are unwilling to open credit markets under an administration that initially tried to take a tougher stand. The problem is that it doesn't matter whether the banks have a kinder and gentler administration or not. They're only going to pass along the bailout largess from the government when they have first satiated their own desires, and then when they are good and darn well ready to do so (unless, of course, a bigger power calls their bluff).
Now that the media and the Obama administration are in reaction formation to the banks' hard line against popular resentment, both look like they're going to soften to the bluff rather than hold a line. The chance for real reform and regulation of our broken financial system looks as remote to me now as it did under Wall Street-friendly Dubya; and today's historic rise in the stock market counts neither as reform nor regulation.