AITOOW thinks that if you are going to get "lending" going again you have to de-couple it with mega-banking (investment and regular)? These guys make too much easy money dealing with Fortune 2000 companies to care about small business or mortgages. They dabbled when they could off load them but they have no interest in this business now (and that was before consolidation). They need it taken away from them before they destroy the economy. Let them concentrate on M&A, VC, PE, Financial Planning and Trading their own book.
This is partly why the TARP program didn't even "trickle". The pipes to the sewer are blocked. Now I don't know if the "Precedent" didn't anticipate this or it's part of a Machiavellian scheme to foster proletarian anger at the banking oligarchy, but, it happened. If he wants to fix it, he has to regulate or stimulate an alternative.
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