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<p>[QUOTE=&quot;rrholdout, post: 2914344, member: 89654&quot;]I guess it depends on what level of banking is being discussed. If it&#039;s <i>personal banking</i>, just a generation ago people could put savings in an account with a bank, which the bank would wisely invest, and pay out dividends via interest that far outperformed inflation. This was a low-risk model that benefited everyone. </p><p><br /></p><p>Then a combination of bad investments by banks, with the realization that people would be willing to &#039;loan&#039; that same savings simply for the security and convenience that banks provide for a negligible return took hold. This has forced the public to take risks with savings they would not otherwise have taken, to be &#039;pessimistic&#039; of &#039;savings&#039; in general, and to look for other investment vehicles that would outperform inflation at the minimum. I think this has spurred some of the interest in PM&#039;s as well, unwisely, if it&#039;s from a profit/return perspective.</p><p><br /></p><p>For me the loss of that original model has done more damage than anything else. But maybe, from a &#039;macro&#039; perspective, it inhibited growth or was not long-term sustainable.[/QUOTE]</p><p><br /></p>

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