Loris Gallina: Invest Savings in Trust?
on Friday, December 2, 2016Loris Gallina Money Quote saying we trust in professionals to give us valuable advice, but his bank has failed us as a financial advisor. Loris Gallina said:
“If I go to a plumber I trust he will fix my plumbing. If I go to a doctor I trust he will cure my health. If I go to a bank to invest my savings I trust it will look after them, So who do I trust now? Who can I trust?” — Loris Gallina
In this quote, Loris Gallina is expressing a loss of trust in the banking system. She notes that traditionally, people trust plumbers to fix plumbing issues, doctors to treat health problems, and banks to properly manage savings investments. However, Gallina asks “who do I trust now?” and “who can I trust?” in the current environment.
This suggests she no longer has the same level of confidence that banks will reliably look after people’s financial deposits and investments. The quote conveys a sense of uncertainty about where one can place their trust regarding money matters after the erosion of faith in banks.
Overall, Gallina appears to be lamenting a breakdown in the trust relationship between the public and the banking industry through this interpretation.