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Bernie sanders wants the post office to offer banking services

Posted on 5/28/18 at 6:20 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
71596 posts
Posted on 5/28/18 at 6:20 pm
quote:


Bernie Sanders has been waiting for this moment. For years he's said Congress needs to take a fresh look at the USPS. His plan: create new revenue for the struggling post office by turning it into a bank.

"The postal service could make billions of dollars a year by establishing basic banking services so lower-income people have access not to these payday lenders but to someplace where they can be treated with respect," Sanders told VICE News.



LINK

I couldn’t imagine how much of a disaster this would be

This post was edited on 5/28/18 at 6:22 pm
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 5/28/18 at 6:22 pm to


not much else to say about that other than he is such an a-hole to want to make the poor have another reason to have to go to the post office
Posted by Quaker
Member since Mar 2018
304 posts
Posted on 5/28/18 at 6:23 pm to
We should’ve exchanged that prisoner in Venezuela for Bernie.
Posted by beachdude
FL
Member since Nov 2008
6120 posts
Posted on 5/28/18 at 6:23 pm to
Bernie = addled nut job.

Post Office: wait 30 mins to buy stamps.

(Wait 2 hours to cash check.)
Posted by ZZTIGERS
Member since Dec 2007
17362 posts
Posted on 5/28/18 at 6:24 pm to
Government payday loans? Will be they be bankrupt proof like student loans? What could possibly go wrong?
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
37806 posts
Posted on 5/28/18 at 6:24 pm to
Bernie sanders can go f himself. Dude is doing way too much damage to this country
Posted by plazadweller
South Georgia
Member since Jul 2011
11856 posts
Posted on 5/28/18 at 6:25 pm to
This is the same frick that couldn’t understand why interest rates were higher for student loans than a mortgage. Sure why not.
Posted by starsandstripes
Georgia
Member since Nov 2017
11897 posts
Posted on 5/28/18 at 6:26 pm to
So he wants the USPS to become a lender? We all know what that means - loans that are never paid back, never collected. It would be as bad as, or perhaps worse than, the student loan problems.

Just when you think the Dems and people like Bernie can't get any dumber...they up their game and defy all odds.
Posted by Loungefly85
Lafayette
Member since Jul 2016
7930 posts
Posted on 5/28/18 at 6:27 pm to
quote:

The postal service could make billions of dollars a year by establishing basic banking services so lower-income people have access


Yeah. Let’s use tax money to open a bank to the poors. There’s a reason banks refuse some people.

Giving unqualified people credit worked so well in the past. They made the housing market absolutely boom a decade ago.

Bernie Sanders is the answer to “who would have been worse than Hillary?”.
This post was edited on 5/28/18 at 6:29 pm
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
107250 posts
Posted on 5/28/18 at 6:27 pm to
quote:

payday lenders


So he is proposing the post office offer payday loans to people who have a high fault rate, and we as tax payers should be held responsible? This dude has totally lost it. The DNC broke him even more.

Hell No!!!
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283026 posts
Posted on 5/28/18 at 6:28 pm to
So they'll loan money?
Posted by cajunangelle
Member since Oct 2012
157519 posts
Posted on 5/28/18 at 6:28 pm to
Posted by kingbob
Sorrento, LA
Member since Nov 2010
68466 posts
Posted on 5/28/18 at 6:29 pm to
With Communists, expect Communism.
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
47719 posts
Posted on 5/28/18 at 6:30 pm to
quote:

"The postal service could make billions of dollars a year by establishing basic banking services so lower-income people have access not to these payday lenders but to someplace where they can be treated with respect,"


So he wants the USPS to make money off the back of poor people.
Posted by 56lsu
jackson mich
Member since Dec 2005
7642 posts
Posted on 5/28/18 at 6:34 pm to
used to do it. read up on it before you bash everything
Posted by Crimson1st
Birmingham, AL
Member since Nov 2010
20467 posts
Posted on 5/28/18 at 6:43 pm to
quote:

cajunangelle



Makin' it rain up in this bisch!
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
8195 posts
Posted on 5/28/18 at 6:44 pm to
quote:

(Wait 2 hours to cash check.)


No ID required.
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
21702 posts
Posted on 5/28/18 at 6:49 pm to
You idiots go deposit your money with the government. When you find an IOU from Congress, let me know so I can point at you and laugh. If these plan details sound familiar, it’s because the government already scammed you in the same way and called it Social Security.

Edit: Oh, and they’ll be working on a way to tax you on deposits and withdrawals soon after offering the initial “service”.
This post was edited on 5/28/18 at 7:04 pm
Posted by Stingray
Shreveport
Member since Sep 2007
12439 posts
Posted on 5/28/18 at 6:52 pm to
Blow up the Post Office
Posted by IllegalPete
Front Range
Member since Oct 2017
7182 posts
Posted on 5/28/18 at 6:54 pm to
Maybe they can give out free ID's at the post office too.
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