Bank CEOs are testifying before the House Financial Services Committee today. Itโ€™s been going about as you might expect: Members are fulminating about bonuses and corporate jets; asking a lot of angry questions about why the banks arenโ€™t lending their TARP money; calling, in one case, for the CEOs to be prosecuted.

At the same time, itโ€™s hard to feel sorry for the bank CEOs, who are about the only people in the country who arenโ€™t willing to admit how much trouble theyโ€™re in. Each has insisted that they are very well-capitalized, as reports of their insolvency pile up. As Rep. Judy Biggert just put it: If you guys are in such good shape, โ€œWhy are we here?โ€