As just about every bank CEOs has told me in recent weeks, the government’s Main Street loan program is not effective. It has the capability to support $600 billion in loans to companies with fewer than 15,000 employees and revenues less than $5 billion. However, only $1.1 billion in loans have been made, with not a single loan in 25 states and not a single loan made by the big four: JPMorgan, Bank of America, Wells Fargo, and Citigroup. Talk about a dud. The program should be gracefully shut down.