RGE - "Adding a Trillion Dollars in Debt is Quite Manageable"

RGE - "Adding a Trillion Dollars in Debt is Quite Manageable":

I've been calling for this. Large banks have outlived their usefulness. They are bloated and don't provide the services they should provide, but instead they take TARP money, deposit it in the FED and earn interest on our tax $$. Meanwhile they are all about charging FEES. Have you looked at your local bank or Credit Union lately?

"I think that in a few years even the existing financial institutions, the ones that have been saved, probably won't look anything like they do now. Do we really want a financial system with a few big universal banks, riddled by internal conflicts and contradictions, and yet too big to fail?

We have to rethink banking. Suppose you were putting your money in a bank, and it's being insured up to a large amount by the government. Suppose then the bank is taking the money and putting it at the Federal Reserve and getting interest on it. This arrangement begs the question of what the bank exists for. Should the bank just be charging for markup services on checking? If the government is ultimately going to be the one providing liquidity services, should the whole structure be different than it is now?"