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Originally Posted by freebeard
I'm trying to remember the last time I bought a haircut. I think it was the 1990s.
The Post Office has never offered haircuts and mammograms, why should they start now? Postal banking is a thing. en.wikipedia.org/wiki/Postal_savings_system |
It was a savings only account where most of the money was just deposited in local banks anyway. It was limited to $500 in the day, about $13,000 in today's money, and the big draw (although it was unpopular at the time) was the money was insured. This was before FDIC insurance that all banks have now. Banks don't make a revenue stream on $13,000 savings accounts.
Why Sanders and AOC are pushing it, like anything else they would ultimately like the government to take over ALL banking and how else do you start but by running one bank in every town, the local Post Office. It's not about saving the Post Office it's about socialism.