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Banks need it /s (lemy.lol)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

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Bluesky Post.

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[–] [email protected] 4 points 7 months ago (1 children)

If banks are funded by the government (ongoing bailouts and ridiculously beneficial laws for them) then they should be considered a public service and available to everyone, at least at a basic level

[–] [email protected] 2 points 7 months ago

It did in the early 1900s to about late 1960s. It was killed because some banking lobbyist killed it.

https://en.wikipedia.org/wiki/United_States_Postal_Savings_System#:~:text=The%20Postal%20Savings%20System%20was%20established%20as%20a,postal%20banking%20system%2C%20while%20Democrats%20preferred%20deposit%20insurance.