Anyone remember WBC was making $2B every quarter in profits? Why...

Anyone remember WBC was making $2B every quarter in profits? Why would anyone think that less people have a mortgage with WBC now? When things get back to normal, we'll see $2B every quarter again. What was the price of WBC back then? $35?
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Q1. How do people afford a house? Banks.
Q2. How do businesses get credit to run their operations? Banks.
Q3. How do people buy big ticketed items like a shiny new Tesla? Banks.

Snarky A1. Credit answers the question but let's take this further - Can you buy a house using bitcoin? It's been done once or twice but the volatility of its value makes it risky for sellers of properties so it is unlikely to be mainstream.
Snarky A2. Is there any other way to get finance to run businesses? Micro-loans? Peer to peer lending? It may work for small businesses but not for large corporations so nope, it has to be banks.
Snarky A3. Does BNPL pose a threat to banks? BNPL is really only for small items like a fairy dress or a vaccum cleaner. For big ticketed items credit is still the way people pay for things. The risk involved with a $250,000 Tesla-Roadster default is only bearable for vendors because banks absorb the risk and banks are only willing to absorb that risk because of the interest premium they collect when lending out credit. Here's an idea - buy put options on Afterpay then ask 100 of your friends to buy a Tesla in 4 easy repayments on afterpay. Ask them to default for the second payment and see the share price of APT nosedive. Collect premium on your puts. Your friends are safe because APT don't employ debt collectors like the banks do.

There is no other way the economy can function without the banks and since the big 4 are the only banks that has a government guarantee against failure, all other banks can fail and the big 4 will mop up all the assets using your taxpayer $$.

This seems to be a no-brainer stock to accumulate.