The Wall Street Journal digs under the surface of banks' fake contrition and finds loans that are deferred against share compensation or are 'forgivable' — which means they don't really have to be paid back.

Dear banks: what we object to is not the precise means by which you pay your top staff — sacks of dubloons mean about as much to most of us as do millions of dollars worth of deferred shares. It's more the incredible sense of entitlement; that you all feel a 'compensation' package simply must reach obscene levels, or it's somehow not fair. Also, making the argument that you have big mortgages and private school fees to pay, as people do in the WSJ article, is not going to get you any sympathy.

And please start lending to people who you do not employ. Thanks.