King@lemy.lol to People Twitter@sh.itjust.works · edit-28 months agoBanks need it /slemy.lolimagemessage-square98fedilinkarrow-up1915file-text
arrow-up1915imageBanks need it /slemy.lolKing@lemy.lol to People Twitter@sh.itjust.works · edit-28 months agomessage-square98fedilinkfile-text
minus-squareGlitch@lemmy.dbzer0.comlinkfedilinkarrow-up44·8 months agoIf banks are funded by the government (ongoing bailouts and ridiculously beneficial laws for them) then they should be considered a public service and available to everyone, at least at a basic level
minus-squarejaschen@lemm.eelinkfedilinkarrow-up7·8 months agoIt 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 Postal Savings System was established as a,postal banking system%2C while Democrats preferred deposit insurance.
minus-squareafraid_of_zombies@lemmy.worldlinkfedilinkarrow-up3·8 months agoI agree. The moment they took a bailout is the moment they became a public utility.
If banks are funded by the government (ongoing bailouts and ridiculously beneficial laws for them) then they should be considered a public service and available to everyone, at least at a basic level
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 Postal Savings System was established as a,postal banking system%2C while Democrats preferred deposit insurance.
I agree. The moment they took a bailout is the moment they became a public utility.