Eric, I personally can see quite a few reasons why the powers that banks are given, in the US especially but by dint of Hanna's words possibly abroad as well, should be clipped... Of course, I understand the Wells-Fargo/Pinkerton end of banking - that if the norm wasn't credit cards and checkings and savings accounts and direct-deposits, then burglars, bandits and thieves would be a bigger concern for you and I, the average citizen with personal holdings.
How it is, though, that hiring a bodyguard for your wealth became not only NORMAL but indeed a BYGONE CONCLUSION ACROSS THE WORLD, I don't really understand.. nay, I do understand how it happened, but I'm not a supporter of where it's gotten to.
Reason #1 why Banks' power (and the auxiliary groups, and their respective powers, granted to every financial market and substrate that they've hatched since coming into their own in the 1800s) should be clipped:
Madoff.
Reason #2 why Banks' power should be clipped:
A history of ridiculous feduciary greenlights between private
Banks, the
US Government and its many limbs, and the
National Treasury (which, on that note, should be one pink piece of paper on the floor in an empty fort knox, reading: "I.O.U. - U.S.S. Grant").
Reason #3 why Banks' power should be clipped: the
long explanation given here (
The Raw Story | Corrupt banking and the fake war on terror ), though I wouldn't recommend hardcore skeptics to NOT read this, just because the pursed aperture of a closed mind could make this a headache-causing read.
As an aside... thanks to everyone who's being civil in this discussion. As long as we proceed in that manner, we can learn a lot from each other and not have a need to harbor negative sentiments.