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General Discussion

hunter

(38,311 posts)

1. I think a National Post Office Bank is an excellent idea.

Reply to marmar (Original post)

Tue Sep 24, 2013, 02:15 PM

Sep 2013

People living below the poverty level are crushed by banking fees, if they are able to access banking services at all.

Everyone ought to have the dignity of an ATM card and direct deposit services that don't charge exorbitant fees.

It could even be integrated with food stamp, WIC, and other assistance programs. People could buy groceries, swipe their card, and qualifying items would automatically be charged to the correct accounts, invisible to others in the checkout line.

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22 replies

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Highlight:

What We Could Do With a Postal Savings Bank: Infrastructure That Doesn't Cost Taxpayers a Dime [View all] marmar Sep 2013 OP

I think a National Post Office Bank is an excellent idea. hunter Sep 2013 #1

A really good idea FreakinDJ Sep 2013 #3

I've been saying this for years. It is a good, liberal idea that we had for decades until Congress Egalitarian Thug Sep 2013 #2

Would you happen to have some more info on that $1.5B annual subsidy BelgianMadCow Sep 2013 #17

It was posted here (IIRC is was a Kos re-post) in a table that broke down the USPS annual Egalitarian Thug Sep 2013 #18

Oh OK thanks. The USPS not ALLOWED to own planes BelgianMadCow Sep 2013 #19

Here it is. Egalitarian Thug Sep 2013 #20

japan post bank madrchsod Sep 2013 #4

Truly great idea! avaistheone1 Sep 2013 #5

Here in the Czech Republic, Berlin Expat Sep 2013 #6

Keynes proposed something similar to this to fund Britain's endeavours in WW2 TrogL Sep 2013 #7

My how all the parasites currently screwing the poor will howl! mysuzuki2 Sep 2013 #8

Banking and internet are naturals for the USPS. Scuba Sep 2013 #9

A national *free* wireless internet infrastructure would be awesome. hunter Sep 2013 #11

love, love, love it! Thanks, marmar. K&R. nt antigop Sep 2013 #10

This has been a good idea in the making for years Hydra Sep 2013 #12

K&R! DeSwiss Sep 2013 #13

The big banks won't like this. tclambert Sep 2013 #14

Make it so. SunSeeker Sep 2013 #15

hell, the too big to jail banks onethatcares Sep 2013 #16

We have one here Prophet 451 Sep 2013 #21

Kicked and Recommended! nt Enthusiast Sep 2013 #22