According to today's Wall Street Journal, Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson made the guarantee because they feared that if BofA were to pull out [of the Merrill Lynch acquisition], it would shock the fragile financial system. But the deal has angered some of BofA's shareholders, who wonder why the troubles at Merrill weren't disclosed before the Dec. 5 shareholder vote to consummate the merger.We do not need to change giants into leviathans who seem to be endlessly needy and are too big to fail. Instead we need a different strategy. My suggestion is to provide investment funds to community banks and credit unions to deal with the foreclosure crisis and get money flowing in communities again. This approach would be more direct, and strengthen local economies which have already been bled dry by the "big boys." The financial sector needs to get its own house in order if it wants to survive. Meanwhile, we can invest our present and future tax dollars where it will do the most good - within our own communities. Let's quit "saving" the financial industry which has sucked the country (and the world) dry with their "exotic" investment instruments and outright fraud. The uproar at the Madoff "Ponzi" scheme while not yelling from the roof tops that the whole financial industry was engaging in a Ponzi scheme is pure hyperbole. If we address the housing and cash flow crisis through local banks and credit unions, we will move a long ways towards creating a stronger financial infrastructure. Community banks and credit unions are there to serve and invest in their communities. Money and investment there strengthens local economies and circulates economic resources where they will do the most good - in our own communities.