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this post was submitted on 17 Jan 2024
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I think the us used to have banking through the post office https://en.m.wikipedia.org/wiki/Postal_savings_system
Seems like the kind of thing conservatives would hate.
Oh wow. I'm Canadian, didn't know you guys had that. We would never attempt something so straightforward lol
There have been moves to reinstate this semi recently as well.
It would be a huge improvement for millions of people, force the banking industry to shed predatory practices, and likely make billions for government spending by offering reasonable loans.
I think Elizabeth Warren whispered it into an Op-Ed on Common Dreams six years ago, only to have ten-thousand Buttigieg/Klobacher supporters crawl out of the woodwork and denounce her as a black-hearted communist who hates freedom.
Wow, apparently the biden admin started a very limited pilot program back in 2021. They limited it to cashing checks, money orders, wire transfers and ATM access to prevent Congressional interference. Suprisingly progressive, in a limited way.
Cant find any new info on this. I assume its ongoing.
Liberals do love their very limited pilot programs.