I can’t wait to see the “Where did it all go wrong?” documentary in a decade. SF’s budget is so fucked and they’re over hear talking about wealth taxes to build a bank
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"Supervisor, bad news. The San Francisco Public Bank is almost out of money." "What? How?!" "Well, people just keep taking money off the shelves and walking out with it. Shouldn't it be in a vault?" "Nonsense, we will never stigmatize the needy in such a way."
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At first I thought it was just about getting people checking accts w/o fees, which is a good idea…. But this is about building a whole financial institution??? Omg say gbye to your tax rev
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These people haven’t heard of credit unions.
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Credit unions. These geniuses on the SF BOS have re-invented a credit union.
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gonna need a fact check on my account balance kthnx
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It's gross.
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It’s like Lord of the Flies.
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I'm in favor of postal savings systems (https://en.wikipedia.org/wiki/Postal_savings_system …) because I think it would be a tremendous benefit for the unbanked, but this is a little WTF to me.
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