Crisis or No Crisis

It's interesting to note that while the USA and Europe are battling recession and bailing out banks that are at the brink of disaster, Banks are on the other hand planning to pay bonuses to their executives and staff from the taxpayer's bailout funds. Well, it propels me to ask, are these banks really in a Crisis or Not? Common sense doesn't seem to be so common here. Give me your thoughts on the possibility of The $700 Billion Blunder!