Reply #1: Fine as far as it goes, but re- their "New Way Forward," they MUST add

[snot]

REGULATE.

It was the lack of meaningful regulation -- the repeal of Glass-Steagall, the gutting of regulatory staffs and agencies, and the complete failure to regulate CDO's and CDS's -- that got us into this mess.

The organizers proposal is "NATIONALIZE: Experts agree on the means -- Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts. REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in the cost of what they have caused. DECENTRALIZE: Banks must be broken up and sold back to the private market with new antitrust rules in place-- new banks, managed by new people."

But basically, no matter how big or little the banks are, you gotta have somebody policing the foxes besides the foxes.

The plan the organizers propose -- nationalizing, reorganizing, decentralizing -- a good start, but over the long term, insufficient without regulation.