What's to stop us - the online community - from buying the charter of a failed national bank and creating a NOT FOR PROFIT web-based bank that is honest? We can raise the money to capitalize the bank on the web. We can recruit honest bankers and lawyers and IT specialist to get it started.
I am a retired person with a decent 401K. There is nowhere to put my money that is safe and pays fair interest. Some is in TIAA-CREF, which is a not for profit, which is pretty close to what I am wanting to see created. But, not everyone can be in TIAA-CREF and it is not a bank. Banks should be paying real interest on our money. They are STEALING money from us right now. They are keeping the interest they should be paying for themselves. Let's get some honest people running one or more banks.