The most obvious thing in the world is for the USPS to become a community bank,
We actually had a similar system for about 50 years.
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What they said, plus public banks have a track record in other countries - I am sure the corruption record is better than private banks.
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It didn’t work in the UK
TLDR version: Girobank was privatized and bought by Alliance and Leicester 30 years ago, which then demutualized 20 years ago and was taken over by Santander 10 years ago.
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I think many people have been taught (one way or another) to be willfully ignorant about just what it is that a government is supposed to do.
While Dr. Bob from WKRP in Cincinnati would no doubt say “Sounds like communism”, I’m all for it.
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It managed to push the rest of the consumer banking sector a little in the direction of being less maximally obnoxious for its users before being murdered and eaten, so it wasn’t a total loss.
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Sure, but since the current banks are already dumpster fires of greed, it’s still a better option.
It does illustrate one of the weaknesses of the model of nationalised or municipal banking. If it’s successful, it can be looted and asset-stripped by your local branch of the corporate party if they come to power.
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