I see we differ on the fundamentals and not just the fundamentals of banking.
Sure we need banks but not this current banking system with compounding interest, a Ponzi from the beginning and you are now seeing the end result. Total and complete failure. Had to be and in this case, took less than a hundred years to implode on a worldwide basis.
There will be a fix of a short duration where everything will appear fine, then the pain will really begin.
Live and learn.
The banking system wasn’t a failure until the US school system became a failure. I see it as a failure of the customer, not the industry.