Ex-Wall Street Lawyer Is Behind Plan to Have Post Office Compete With Banks

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Ex-Wall Street Lawyer Is Behind Plan to Have Post Office Compete With Banks
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As a young attorney, Mehrsa Baradaran helped banks turn to the government to survive the financial crisis. Now she advocates a return of banking through the post office

As a young Wall Street lawyer, Mehrsa Baradaran helped large banks turn to the government to survive the financial crisis. A decade later, she is behind a proposal to bring government-backed competition into their world.

More Democrats are touting a proposal to offer banking services through the post office to people who lack bank accounts or credit cards. Many of them—including U.S. Sens. Kirsten Gillibrand of New York and Elizabeth Warren of Massachusetts and U.S. Rep. Alexandria Ocasio-Cortez of New York—have consulted...

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