Forgot the / sarcasm tag?
They key to whether it is working is not the price of banking stocks or the stock market in general. The key is are banks lending. Once banks start lending, real estate prices will stablizes, homes will start being built again, and cars will start selling. And banks are starting to ease credit and make it available to more and more people. Banks were not looking at people with credit score below 720 a few weeks back, now some are looking at people with 680 or better. We still have months to go before we see positive growth, but we are headed in the right direction.