I disagree with Mr. Heinz' statement. This is not a question of ideology. Evidence is huge refering to the poor efficiency and weak benefits of state-owned banks. A deep reason is the lack of incentives, there are no owners: who would believe that congressmen represents perfectly the average citizen? and they will be careful allocating or controlling to those who should allocate the state-owned bank funds?, so who will administer the taxpayers funds? or who would allow the bank to go into bankruptcy if it makes losses?. Unfortunately this experience is even more pervasive in less developed countries (most of the world map).