"How USPS Could Save the Economy, Change Your Life"

[rhett o rick]

Last edited Thu Mar 27, 2014, 11:13 AM - Edit history (1)

Tens of millions of Americans are totally without bank access or have minimul bank service. Having banking services via the USPS could fix that problem and end dependence on "payday" loan sharks.

See the article in "The Progressive Populist" by David Dayen where he lays out ten problems that can be solved by setting up the USPS for banking including "Stabilizing the Postal Service."

"...according to the inspector general report, the Postal Service may explore it {banking} under its existing authority, rather than having to hope for an act of Congress."

http://www.populist.com/20.6.dayen.html

Cross posted in the Progress MR Group: http://www.democraticunderground.com/1269860

[goldent]

1. I think I'd be for it.

Banks don't seem to want low income customers anyhow.

[rhett o rick]

3. I think a lot of people would be glad to take their business away from the big banks. nm

[hunter]

5. Actually they make a lot of money off them, one way or another...

... with obscene service fees and overdraft charges.

[corkhead]

2. Here's a great interview with Dayen on The Majority Report with Sam Seder:

http://majority.fm/2014/02/27/227-david-dayen-how-the-post-office-could-save-the-economy-%E2%80%94-and-change-your-life/

[rhett o rick]

4. Thank you, I will check it out. nm