It's ironic that in the same week that the movie of the book "Too Big To Fail" was first premiered on American television, it was revealed that the net income of US banks was higher in the first quarter than at any time since the financial crisis. The renewed downturn in the real estate markets and the growing likelihood of a debt default by at least one euro-zone nation, however, may restrain net income in future quarters and perhaps constrain the supply of credit.
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