The “banking system” is an anachronism. We now have a machinery for securitizing asset backed loans. People and companies that just want somewhere safe to store

The “banking system” is an anachronism. We now have a machinery for securitizing asset backed loans. People and companies that just want somewhere safe to store their cash should not be implicitly investing in commercial real estate. Banking should be a boring industry that charges a cost of carry for storing and transferring cash. No lending, no fiscal assets.