[Darth Reardon]

if you can set it up so that the fdic/govenment/taxpayers ARE DEFINITELY protected from getting dragged into any bank failures

Read Hank Paulson's confession "On the Brink" to see how absurd that statement is (no offense intended).

Actually, unless you work for the Justice Dept, don't read it. It'll just do terrible things to your blood pressure. To summarize, the Sec of the Treasury repeatedly says they knew what they were doing was not legal, but they just had to do it because "saving" the banks was more important than following the law..

[faithhopecharity]

1 agree with you

[Vigilanteman]

Absolutely right. My idea would never work with the current crop of corrupt people running the system. They would figure out a way to twist and pervert it.

Sort of like Jefferson's idea of a constitutional republic.

However, the basis of both are quite sound. There are a number of regional banks which are soundly managed such as First Commonwealth of Pennsylvania, Zion's Bank and even quasi-national banks such as PNC Bank and U.S. Bank, both of which I believe, were forced to take some of Hank Paulson's bailout money so the public wouldn't know who the turds in the punch bowl were.