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Uhhh banks don’t always win.
If they took write offs it is because the equity assets they have took a beating somewhere and actually lost value.
Your local bank deals in pretty safe shit. They should be fine as long as a bunch of loans don’t default. And while big publicly traded banks typically have a retail arm, most of their money is made through “investment banking”. In which they trade other assets like day traders and they can get hung, see: mortgage backed securities. *cough*2008*cough*.
Just like if you had a million dollars of blockbuster stock in 1995, that money definitely went somewhere.
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