I proposed the simple idea of 'internet only' 'new banks' back here in "My friend the economist and my dumb question."

Since then Buiter, Stiglitz, Soros and Romer have proposed similar schemes. New banks: Did I get the scoop? Did you hear it here first?

But the really good news is that Marc Andreesen is now pushing the idea. Why is this good news? Well, Marc Andreessen could carry this idea.

Andreessen's got all the right credentials ie he is a wunderkind of the industry of wealth-creating technological innovation and has none of the wrong ones ie he is not of the wealth-destroying financial innovation industry.

And Obama and Andreessen are already personally acquainted. Can Andreessen carry this simple idea to move Obama? I hope so.

And I hope it can be done in time to demonstrate the Irish leaders that there is a smarter and simpler way. Talk about 'new banks' 50 minutes in. Transcript below. But note that as always Andreessen give great value entire way through.

Good banks, bad banks, doesn’t matter. What we need are NEW banks. And I actually think what we need — and I think the valley can play a role in this, I think there should be a new wave of financial institutions that should be created from scratch today. And they should take the role. So instead of trying to unwind some big bank that’s underwater, and hundreds of billion dollars insolvent, let’s create a whole bunch of new ones. And by the way, let’s have them all be new and online. So instead of having all this infrastructure and all these old systems and these ATM’s and all this stuff, let’s do purely online, purely Internet banks. Purely virtual, much lower cost structure. Because it’s going to take — even if you can figure out a way to fix the old banks, it’s going to take a long time. I mean it is a very complicated and involved process. They are deeply broken in very fundamental ways. Create a new bank. I mean a bank is a simple concept. You can create a bank in software.

First the Bad News: An impending recession means its bad news if you are in geared in deeply with the VCs and need to move rapidly on from trading on your cool new Web2.0-ish-ness to start demonstrating substantial short-term returns on investment. And now the Good News: Its good news if you can bootstrap, grow organically and emerge the other side. Where it'll be a lot quieter. And much easier to get yourself heard. And by corollary good news for the YCombinator and SeedCamp model. Via VentureBeat.com

Jon Fisher -a board member for several Silicon Valley based start-ups- predicts a “massive wave� of start-up technology company bankruptcies in the next quarters, as they run out of funding, struggle to make money and fail to find acquirers. On the other hand, some think that if companies can make it through the next several months, they’ll be especially well positioned for the ensuing economic recovery, in part because of reduced competition.

Plus ca change.