Bulls gored me again...

Today, I saw my stocks basically half. Frankly, the volatility was expected, but I do not understand why there is much to cheer for WFC's "better than expected" earnings.

1. If WFC did not want TARP money, took it anyway, made more money than they used to from its TARP money, how is it surprising. Bears are merely betting that weak banks that are "Too Big To Fail" will get crushed by their own weight rather than have weak earnings.
2. WFC consistently made 0.55+ per share for the past 2 Q1. (Specifically, 0.60 and 0.66) In difficult times and coupled with reason 1, 0.55 cents per share is a wonderful thing? Even if they performed above par, that is on the back of unrealistically lowered expectations (50% drop YOY for a "strong" bank?), (artificially) "improving" environment and oversimplified "bank robbing taxpayer" game.
   
3. They have a sudden turnaround in fortunes, a record loss and record profit. How many times does that happen for a company? I'm sure AIG can now churn up 60 billion of net profits. Its more of a hunch reason than the first two but whatever.

Frankly, even as a resident alien, I feel cheated by the bankers and politicians. After all, if one follows the progress of a society, these two professions are the least productive and most destructive. When will everyone realize that banks are using over leveraged dollars to squeeze more money out of taxpayers? When will people make a stand for it?