Force the banks to go back to traditional banking. If that means turning them into non-profits, so be it. But there is no way to justify allowing them to continue to bilk average American customers, not to mention risking driving the global economy off the cliff again.
Let's be clear. What Americans need least is what they are now getting: trash talk about government as "the problem" and a claim now inflated to infallibility by Republican zealots that tax increases never -- ever -- promote the common good.
We have developed an American myth about the magical efficiency of market forces and have deified entrepreneurs. We have developed a disdain for government as an obstacle to progress. Neither is entirely true or false.
President Obama seems reluctant to lay down the gauntlet or to use his oratorical skills to shame the arrogant, make mad the guilty, or cow the slanderous who would break down the walls protecting us from free market abuse.
As history shows, any small, short-term budgetary gains from work force cutbacks are likely to be offset by serious regulatory missteps, more after-the-fact finger-pointing and a continuation of the cycle of failure and mistrust.
Are we going to go backward and argue for discrimination on race and gender, defend BP and others from accountability, and fight endless war abroad while laying off teachers at home? Or are we going to move forward together?
Before deciding whether or not government should make decisions let's look at the alternative. Not enough consideration is given to the real question: if We, the People don't make decisions, then who does?