The Evolution of the Traditional Financial System

The traditional financial system finds itself stuck. It wants to keep up with the private sector and offer competitive services, but don't realize the system has evolved for good reasons. Slow transfers are a feature, not a bug. They are there for a reason. In bad times, it actually exacerbates the problems because it makes bank runs happen a lot faster. A plus, like fast transfers, is great in good times, but are trouble when disaster strikes.