drevno

America Is Becoming a Banana Republic

Maybe it's time to create a parallel banking system based on brand new banks established along the standard banking principles.

They can be capitalized by the money now earmarked for bailing out failing financial institutions plus the deposits by individuals and companies fed up with the existing banks that willfully put their depositors, shareholders and the whole system at risk.

These BRAND new banks, properly managed, regulated and overseen would constitute a nucleus of rebuilding the financial system based on honesty, transparency and good economic and financial sense.