Because powerful people like being able to deny banking services without strong legal grounds. Everyone who complained about https://www.federalregister.gov/documents/2025/08/12/2025-15... would be opposed to your idea too, because they want to be able to debank people they don't like.
Sure, postal banking [0] has been around forever. Could it be updated to the modern day and in the US? Of course! Why not? Because we apparently just can't have nice things.
It's a perfectly good idea that just doesn't have political traction in this era.
We could also have, you know, universal health care. Like any other normal country.
Because powerful people like being able to deny banking services without strong legal grounds. Everyone who complained about https://www.federalregister.gov/documents/2025/08/12/2025-15... would be opposed to your idea too, because they want to be able to debank people they don't like.
I've argued[0] for similar involvement by the USPS. Got a lot of "good idea!" comments and no traction.
[0] https://news.bloombergtax.com/tax-insights-and-commentary/se...
They do.
https://www.usps.com/shop/money-orders.htm
USPS should have issued every American an official government email address 20 years ago
Don’t you think they’ve got enough to do already with dwindling resources?
Sure, postal banking [0] has been around forever. Could it be updated to the modern day and in the US? Of course! Why not? Because we apparently just can't have nice things.
It's a perfectly good idea that just doesn't have political traction in this era.
We could also have, you know, universal health care. Like any other normal country.
[0] https://en.wikipedia.org/wiki/Postal_savings_system
do you have a moment to talk about your savior the Congressional Lobbyist?