this post was submitted on 25 Jan 2024
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Banks need it /s (lemy.lol)
submitted 9 months ago* (last edited 9 months ago) by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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[–] jaschen@lemm.ee 7 points 9 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.