I just don’t think that putting the government in the business of owning and operating a consumer bank is a very good idea. Why not? Well, there’s its inability to keep its data secure, and its inability to stop its own employees from misusing its constituents’ personal information. Oh, and how about its propensity to try to collect debts from the wrong people?
But other than those problems, which I’m sure will be fixed in no time, by all means, let’s have the government run a bank. It does everything else so well, what could go wrong?
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