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As soon as the next economic crisis strikes, a postal bank may need a bailout—but it is less horrifying than your typical personal bank bailout.

January 21, 2021

As soon as the next economic crisis strikes, a postal bank may need a bailout—but it is less horrifying than your typical personal bank bailout. Throughout the last crisis, arguments had been made that Wall Street businesses must be rescued to conserve principal Street. Then a stable postal banking system—a safe place for most people’s money—could be our best defense if preventing Main Street from falling into the flames along with Wall Street is indeed a national concern. Even though some advocate for the public-private partnership with current commercial banking institutions, postal banking institutions could rather be a built-in bit of a fresh economic architecture insulating the general public and Main Street organizations through the storms of high finance. As an example, imagine the economy busts and individuals begin to lose their jobs.
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