That statement pre-supposes that the US is a civilized nation.
I went to Secondary School in Ireland. My dad sent my living expenses to an account that I & the Aunt who was my guardian there could access. I kept my 'pin money' in a Postal Account.
iMonrey,Regarding legislators being entirely in the pockets of donor companies, in '09 or '10 I wrote a paper outlining the '08 downturn and in my research came across this article: Revolving Door, Bailout Edition. Doesn't matter what level of government, or what state/constituency, or what party. And, sadly, it's not just banking: it happens in pharma, agriculture, construction, etc.