Talk of banning banks in total is silly to bring up. It would be like banning oxygen. Banks, for better or worse, is how the economy functions, and will function, for some time to come. That being said, I think that fractional reserve banking (FRB) has been taken way too far and should be reigned in severely to keep the financial system from failing.
FRB is a complex subject, so I'll post a wonderful (if rather dated) youtube video in related links that discusses how FRB came to be and how it is today. Worth a look if you're interested in the topic.
If you're sick of your bank, sick of banks in general, or even a little worried about the banking system in general then I'd strongly recommend you check out a local Credit Union (CU). They're typically smaller, provide good service, and cannot participate in fractional reserve banking. The money you put in will be always be there for you to take back out. Me and the wife moved all of our banking to our local CU a few years back and it's been wonderful.
Talk of banning banks in total is silly to bring up. It would be like banning oxygen. Banks, for better or worse, is how the economy functions, and will function, for some time to come. That being said, I think that fractional reserve banking (FRB) has been taken way too far and should be reigned in severely to keep the financial system from failing.
FRB is a complex subject, so I'll post a wonderful (if rather dated) youtube video in related links that discusses how FRB came to be and how it is today. Worth a look if you're interested in the topic.
If you're sick of your bank, sick of banks in general, or even a little worried about the banking system in general then I'd strongly recommend you check out a local Credit Union (CU). They're typically smaller, provide good service, and cannot participate in fractional reserve banking. The money you put in will be always be there for you to take back out. Me and the wife moved all of our banking to our local CU a few years back and it's been wonderful.