BankThink

A successful payment network would unite banks under a large and trusted external corporation in order to more simply and transparently tackle currently complex financial supply chains.

Like the nuclear meltdown that devastated Japan a year ago, America's financial crisis resulted in part from collusion between the regulators in the capital and the regulated in the executive suites. Unlike the Japanese, we didn't learn from our calamity.

The strategy of purchasing troubled banks at depressed prices no longer works. The focus should now be on long-term partnerships based on operating improvements and growth.

I'm certain we'll see another bubble and then a collapse in the next few decades because I've heard from the business students who've learned no lessons from the last one.

We don't understand all the angst. The public/private hybrid of Fannie and Freddie should be abolished, their existing business sold or liquidated, and the mortgage market privatized.