The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.
You don't trust the securities industry. You can't forget it was these "investment gurus" who brought us to the brink of a worldwide depression. If they can't manage their own money, what qualifies them to manage yours?
I know there are exceptions, but my basic view is that the securities and insurance industries are in the business of separating you from your money. Of course, it takes two to tango, but you don't have to help them.