Friday, October 28, 2016

Making The Post Office Solvent

The Post Office should also be allowed to turn a regulated profit on these transactions. Maybe a new item for Clinton's to-do list.

'Underbanked' Report Shows Need For Postal Banking | Crooks and Liars:

...If We the People could be allowed to have a simple bank account at our Post Offices this would solve a problem for millions upon millions of Americans. This would help people. It would keep people away from the debt-trap clutches of the predatory payday lending industry.

This is not an out-of-the-mainstream idea. Lots of countries do it. This country used to do it. In fact, the Postal Service still issues money orders.

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