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Postal banking. Available in the US between 1911 and 1967. It was mostly killed by the FDIC, which allowed private banks access to what was its competative adv
by gizmo686 4y ago
Postal banking. Available in the US between 1911 and 1967.
It was mostly killed by the FDIC, which allowed private banks access to what was its competative advantage.
There's a proposal to revive the postal banking service in Congress every year or so; but thus far none have gone anywhere.
- maxwell 4y agoHuh, wonder why. Oh yeah, the bipartisan bribes. https://www.opensecrets.org/orgs/visa-inc/summary?id=D000029689 https://www.opensecrets.org/orgs/visa-inc/summary?id=D000029... https://www.opensecrets.org/orgs/mastercard-inc/summary?id=D000022099 https://www.opensecrets.org/orgs/mastercard-inc/summary?id=D... https://www.opensecrets.org/orgs/jpmorgan-chase-co/summary?id=D000000103 https://www.opensecrets.org/orgs/jpmorgan-chase-co/summary?i... https://www.opensecrets.org/orgs/bank-of-america/summary?id=D000000090 https://www.opensecrets.org/orgs/bank-of-america/summary?id=... https://www.opensecrets.org/orgs/citigroup-inc/summary?id=d000000071 https://www.opensecrets.org/orgs/citigroup-inc/summary?id=d0... https://www.opensecrets.org/orgs/wells-fargo/summary?id=D000019743 https://www.opensecrets.org/orgs/wells-fargo/summary?id=D000...
- mrguyorama 4y agoThere's also the very one-sided action to kill the post office entirely. Even with zero bribes, republicans want public services gutted and turned into private profits.