When the investment banks failed, the small banks, the community banks and the independent business owners were ignored and trampled. They failed and caused incredible damage to the USA's economy.
The small banks need to be placed UNDER a government division of The Small Business Administration.
Small Businesses need protection from exploitation of large banks that can't even find the balance sheet they exist on.
There is no way Goldman Sachs or JP Morgan should be anywhere near the small businesses of the USA. Forget about Geithner, he won't like it. The Obama Administration needs to work with competent members of the Legislature to find a place for regulation and monitoring of small banks so they can have a domain supporting small businesses and the mortgage interests of the people they serve.
This administration has to recognize the profound abandonment of the investment banks of the USA's economy after the bailout. Their monies went everywhere but here. They are untrustworthy when it comes to the needs of the people of this country, their homes and the businesses they run. There has to be a separate regulator agency that upholds the 'integrity' of an autonomous system SEPARATE and DIFFERENT from that of Wall Street.
The Fed can keep their billion dollar babies and leave the rest of us ALONE ! It does too much damage and covets the monetary system of the country, including, the average lives of Americans as if they owned us.
NOT
ANY
MORE !!!!!
We are not their peasants and neither are our homes or businesses. It is time to secure the small banks in a way that provides relationships with small businesses and home owners to PROTECT them from this ever occurring again !
The 'Too Big To Fail' can fail all they want, we want our local economies SAFE and SECURE from the immoral idiots of Wall Street !
