Re:Why Banks Are Suddenly Closing Down Customer Accounts
by x-complexity on Sunday November 05, 2023 @08:44PM
(#38157825)
> I don’t see the connection between the Postal Service and banking. Is it just it was historically there? If that’s the case, you could attach it to any department.
Before the FDIC was created to cover bank runs & closures, the USPS was proposed to expand into being a postal savings system, a system that was already done by the UK beforehand & had proven to work.
https://en.wikipedia.org/wiki/United_States_Postal_Savings_S...
Before the FDIC was created to cover bank runs & closures, the USPS was proposed to expand into being a postal savings system, a system that was already done by the UK beforehand & had proven to work.
https://en.wikipedia.org/wiki/Postal_savings_system