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comment by kleinbl00
kleinbl00  ·  54 days ago  ·  link  ·    ·  parent  ·  post: How Does the Stock Market Work? [1983]

Square, Venmo and the like only exist because up until October 28 2004, banks had to be in physical possession of the check in order to draw on it. This requirement provided for generations of pilots to earn their instrument hours as every night, millions of checks in thousands of light aircraft criscrossed the sky in order to support the banking industry.