About your suggestion: check out the Caisse d’Épargne Desjardins, a communist, just kidding, co-op set up by Alfonse Desjardins in Quebec, Canada many moons ago. Movement Desjardins is now one of the largest banks in the province and major economic forces in Quebec.
I completely agree with Duncan Watts bold idea: We must impose restrictions on the major corporations.
How’s about: Small brother is watching.
Wouldn’t that be a nice change.
Small IS Beautiful.

The big banks are now back in expansion mode – Barclays, for example, is now expanding its equities division, and has hired some 500 senior bankers in the last few months.

Market fundamentalism may be dead, but no one has a clue what to replace it with.

I suggest the future lies in state-supported development banks which also use retail deposits and perhaps are managed in a co-operative model, answerable to their depositors rather than to the state or shareholders. Depositors should have a say in how their money is lent.