Some how I can’t make myself cry for the poor banks (and their insurers) for losing all that money. The creation of a cashless society is the brine child of the banks having only one objective in mind: we, the consumers, should spend our heard earned cash as much as possible, quickly and easily.
Dealing with cash only has its setbacks (convenience, security, etc.) but it creates a positive frame of mind where people respect the value of their money, live within their means, and spend it within a budget.

Of course you’re right and there is no way back.
I accept your correction that politicians invented the credit system…..make sense. (most probably bankers turned politicians)
Never the less my argument revolves around respect for money. I don’t know if you remember the early ‘80th, but at that time a credit revolution took place in Israel (with an active support of that “genius” Milton Friedman), and what happened??? The inflation reached 1000%!!!
Of course education is the right thing, but is it practical? Credit cards been around over 30 years (I still remember my first card from Bank Ha’poalim…forgot the name) but can you say our children are better equipped to deal with credit?

Nachon Mehod!!!
its called "Budget Account"

I read the article in Ma’ariv and there it was mentioned that the customers were compensated for their loses…I guess each news provider has its own agenda….;)))))
Thanks for the history lesson. I DIDN’T KNOW THAT!!!