How would you like it if the government spent $4 TRILLION to bail out our banks? How would you like it if this $4 trillion amounts to 1/3 of our Gross Domestic Product?

We started with $700 billion. Then now there is talk of setting up a 'bad bank" to buy up toxic assets. Then some people started tossing around $1 to $2 trillion. Now we are up to $4 trillion..Goldman Sachs says that 4 trillion is their estimate. Senator Schumer and a group experts have also come up with the $4 trillion dollar number The IMF has estimated $2 trillion for this year.

At the same time the Obama team wants to take bold action to solve this problem once and for all.

Dear Mr. President: Use the next $350 billion of TARP and set up a "good bank" that is solvent and let the banks take their losses. They created this mess. Don't worry about big banks going bankrupt. You will gain immediate support from the American people. An like Lincoln who said: "My paramount object in this struggle is to save the Union," so too our primary goal is " to save the Union," not the banks.

There is talk by the Federal Reserve, the U.S. Treasury, the U.S. Congress and bankers about creating a "bad bank" and let the government use the next tranche of the bailout money to take the losses from the banks and put them in this bad bank.

First of all, why anyone would want to create something "bad" is beyond a rational person's comprehension. Why not create something "good." Why not take the second half of the TARP money and create a "good bank,"one that is solvent, a bank that everyone can trust, a bank for the future not the past. If we create a "bad bank," there is no future. The money is just wasted again.