ok fowl, for the sake of discussion, let's accept your premise that the private banking sector is bad. i'm certain we all understand your point quite clearly now. no sense in beating this dead horse further. let's move on. again, I ask, what do you propose we do about it? 1) how will you get rid of it and more importantly 2) what should replace the lending service that it provides the economy. surely you are not suggesting that private banks be restricted to lending only the value of their assets (which should be noted are actually our assets). by your estimate, this would reduce the total amount of lending ten-fold. should therefore there be ten times the number of banks, each lending only their value in assets? or, are you suggesting that some other entity begin lending? or, perhaps nobody should ever be allowed to borrow? identifying a problem is only the first (and arguably, easiest) step. now, you must provide us with a possible solution.