Yes, but what’s the problem? Ignorance is not a better solution. People could digest a few basic statistics like the reserve ratio of the bank. We do this with Energy Star appliances.

Ultimately I don’t care if people change their behavior, but I’m offended by the fact that I’ve opened several accounts in my life and none have clearly indicated that they don’t keep most of my money. I’ve even read a couple sets of the papers that come with an account and they didn’t seem to say anything about it.

As far as I’m concerned banking is fraud / conversion.