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My Dad was a Depression era guy, as a result of that trauma the only place that he would put his money was in a FDIC insured bank accounts. I remember him complaining when interest rates were lowered, that they were robbing the older people who had saved their money in order to subsidize the spenders. I can not imagine what he would say today when it does not matter whether you are a responsible saver or a complete wasteral spendthrift. Everybody is in the same sinking boat. Buffet may have 137B in cash but with the FED action it only means that he has more toilette paper. That is the thing that most people don't get, the Central Banks are taking everybody down. Ya see Buffet and the other big boys are just minnows in the scheme of things. They are inconsequential when the FED is pumping up the balance sheet by Trillions in a month. The banks are consequential because they are a conduit of cash flow which enables the economy and thus civilization to function. You have to think bigger than the box you are in.