Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders unveiled their latest proposal Thursday calling for the creation of non-profit, government banks to be administered through the United States Postal Service.
“Credit card interest rates are outrageously high. With @RepAOC, we are introducing legislation to challenge the greed of Wall Street and protect consumers across America,” posted Sen. Sanders on social media.
— Bernie Sanders (@SenSanders) May 9, 2019
— Take On Wall St (@TakeOnWallSt) May 9, 2019
“We should have a not-for-profit public option for basic banking services, and we should be piloting these projects through the US Postal Service or any other number of ways,” added Rep. Ocasio-Cortez.