The problem for the banks is that turning off the life support machine on distressed property could cause too many losses for their balance sheets to bear.
They have devoted their lives and sacrificed the lives of the people under them to protect the property and freedom of those citizens and feel compelled to maintain the military machine that they drive.
In 2011, Mr. Li sold out to some Florida-based silent partners, and he now splits his time between Florida and Canada, continuing to develop the Jetlev design while pursuing intellectual-property litigation (there are, in fact, at least two other hydraulically powered flying-machine designs in the world).