because without banks to act as facilitators you would not be able to finance a house or car. Small businesses lending would dry up as would most lending for eq

because without banks to act as facilitators you would not be able to finance a house or car. Small businesses lending would dry up as would most lending for equipment and commercial real estate. Banks did a lot to earn their terrible reputations over the past 15 years but it is also true that they provide necessary liquidity to a vast number of markets.