In your editorial "Banking reform: Just a minute" (July 15), you arrived at the conclusion that banks should be able to branch into other states and should be able to enter other businesses.
I take the opposite approach. The sickness of the banking industry must be fixed before the federal government allows the industry to get bigger so that we can have bigger failures. Almost no bank failures took place between 1933 and 1983.
What did we do to undo the stability of our banking industry, created during the Depression? If you knowthe answer, then you know how tofix the banking industry; but if not, then you really don't understand.