The banks are not going to fix themselves. Only government can do that, which means that someone will have to fill the leadership void and do the heavy lifting. But time is running out and the problems are getting worse. Public support is on the wane. Obama should take advantage of what little confidence in the system is left and take radical corrective action. Insolvent financial institutions have to be taken into receivership and liquidated. Shareholders and bondholders will have to take a haircut. And Geithner, Summers and the rest of the White House banking fraternity will have to resign or be fired. Obama should mull over Albert Einstein's sage advice when he said, "The problems we face today cannot be solved by the minds that created them." ("," by Mike Whitney. Counter Punch. March 23, 2009.)
Well, this is only the mundane direction. It isn't good enough. It's better than the vampires at the top (really the bottom), but it won't get us there. It's still based upon coercion that is definitely not Christian.
We need the Christian Commons. That's the only way to continue on all the way to the real New Heaven right here on what will be the real New Earth. It's what Jesus said and still says, to the living.