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"The public bank concept is gaining ground on the state level, attracting proponents across the political spectrum. "

Clearly, the only thing that limits the power of the banking lobby is the anger of American voters that the very banks that drove the economy over the cliff and were bailed out by taxpayers are now spending lavishly to block reforms needed to insure this doesn't happen again. That popular anger makes legislators reluctant to appear in the banks' pockets in public.

"We the people have given away our sovereign money-creating power to private, for-profit lending institutions, which have used it to siphon wealth from the productive economy. Some states are moving to take that power back. "

Why do we need big banks?

"Brown, Kaufman Introduce The Safe Banking Act Of 2010"

"...compromise with the administration and the Fed would give Mr. Sanders and other critics of the central bank an opportunity to claim victory, while not breaking with the Fed's insistence that its monetary decisions be sacrosanct and insulated from political influence."

Why didn't the White House back the break-up of big banks? | Mother Jones | #p2 http://bit.ly/awxeg3

http://bit.ly/cYfyar http://www.demos.org/publication.cfm?currentpublicationID=26DFD0A0-3FF4-6C82-57090C737A9F0095

The way mortgages are bundled and resold, it can be enormously time-consuming just trying to determine what company holds the loan on a property thought to be in foreclosure. ___In Ms. James's case, the company that was most recently servicing her loan is now defunct. Its parent company filed for bankruptcy and dissolved. And the original bank that sold her the loan said it could not find a record of it.

"There's a biblical precedent for forgiveness-of debt. Why churches are standing by students on one of the Bible's most surprising social principles. "