In the film “Master & Commander: The Far Side of the World,” Jack Aubrey, played by Russell Crowe, cleverly jokes about “choosing the lesser to two weevils.”

When it comes to banking the choice is not quite so clever, but just as clear.

Banks, especially those deemed “too big to fail” must go back into the business of taking deposits from savers and making loans. That’s necessary for the economy to recover,  but it’s also absolutely crucial if we are going to avoid the Gold Rush of lending that got us into this mess in the first place.

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