Ten years after the financial crisis began, banks have fully recovered. A key bank-stock index finally returns to 2007 levels.

Crain's New York Business reports:

Most people remember Lehman Brothers' September 2008 bankruptcy as the day the financial crisis got real. But the fortunes of Wall Street institutions had actually been sinking since the previous October, when analysts started to grasp just how bad the implosion of the housing market would hurt the big banks.

Almost exactly 10 years later, those banks are all the way back. On Tuesday the KBW Bank Index, which tracks the largest institutions' share prices, finally returned to levels last seen in October 2007.

The quiet Fed bailouts do work wonders.