'Ordinary People's Bank' is needed

The billions of dollars would be much better spent on providing the capital needed for an alternative banking system, the "Ordinary People's Bank."

There are plenty of computers and buildings left over from the failed banks to provide the infrastructure and, indeed, plenty of people with the expertise.

This way, the taxpayer would make a modest dollar as proper banking is inherently modestly profitable.

The toxic loans should stay where they are and poison only the gamblers who made them.

John Morgan

Arlington Heights