Stop Corrupt Banks and reform them

We the people are tired of being bullied by banks. The financial institutions have turned into modern thieves who find various schemes to inflict pain and damage on society with full protection of law, and corrupt judges paid to be elected by banks who enforce such laws.

Instead of promoting commerce and business the banking industry is the biggest hinder to many businesses. This simply stems from the fact that the banks look for sure shot deals, decoupling any intelligence from any decision made to compete and promote business activity. This lack of intelligence has given way to simple minded "fee schemes" which they have deployed to boost profit without the risk. The housing market was a result of such sure shot scheme where banks dished out billions of dollars in loans while they resold the same mortgages in fancy bundles to the same home owners in their 401k and IRA account. Sure shot, no risk, no brain scheme to make money! Why would then a bank ever invest a business and loan any money to a business?

Here Are the required changes to make banks useful again...

- adjust all mortgages to market value by allowing banks to write off losses. Banks are holding the economy hostage through mortgages they inflated. Instead of allowing them to write off loan losses through short sale or foreclosure which opens up another opportunity for corruption, and farud, why not allow banks to write off losses through current mortgage holders. As far as IRS is concerned the loss is the same no matter what. It maybe even more advantageous to IRS by allowing home owners to carry their loans since homeowners have little tax loop holes compared to potential buyers of foreclosed properties.

- Allow only specific banking charges to be charged banks and standardize all fees schedules in order to force banks compete on promoting business as opposed to finding elaborate fee schemes to make profits.

- Completely decouple banks from wall street

- All terms for any finacial products, in 10 bullets or less and not allowing any fine print on any banking document

- Penalizing banks for collecting high fees by taxing their fees on a separate schedule, not as part of their standard profit and loss reporting

- Stopping banks from collecting any automatic fees. They must bill the customer for any fee imposed and not be ever allowed to collect fees from a customer account directly at their own discretion

- Stop banks from collecting information on people which are often used for entrapment. Banks often collect information by employing third party agencies.

- Overhaul judicial system and clean it up from all bank influence

- Pass consumer financial protection laws to discourage banks from bullying consumers through legal system. All financial lawsuits must be settled and resolved in 6 months or less, not allowing banks to drag out a legal process at consumer expense in an effort for complaints to be dropped

- Not allowing banks to write any lawyer fee provisions in their loan agreements or mortgages to stop them from burring their customers in fees while discouraging them from dragging lawsuits.

- Very heavy punishment for judges and lawmakers who protect banks and stop from bank lawsuits from getting to a jury trial.

- Banning all lobbying by banks through criminalization of the process.