re: Bernie sanders wants the post office to offer banking services

Maybe they should offer ID services also so these people that can't get an ID to vote can pick up an ID when they pick up their government checks every month.

My first Thought as well.

Bernie: hey let's make billions off the poor people like the payday loan comapnies are doing now but we will be different because will treat them with respect.

Well at least he is honest and upfront about his scheme..

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"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.

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UPS has a deal with USAA in which you can conduct some banking services such as certified checks at a UPS store.

That's a deal between two private companies though.

I could see where they could offer prepaid debit cards for direct deposit. This wouldn't be a disaster but any sort of payday loan service would be an epic shitshow.

It works in every developed nation in the world and worked here until 1966 when the banking industry whined about the competition.

There are still vast regions of the nation without local banks. You and I may not wait in line to do it but many folks do indeed have to pay exorbitant fees to liquor stores and pawn shops to cash a paycheck. The post office is there, it is open during normal banking hours and it is as convenient as a bank for many Americans. This is simply common sense.

I know this may come as a shock to some of you but not everyone lives amidst miles and miles of restaurant chains and retail stores. But almost everyone lives near a post office. This is a very popular idea in rural America......places where liberal isn’t exactly what comes to mind immediately. It is a compelling idea.

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exorbitant fees to liquor stores

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This would not be the case if the same folks had the use of a bank, which most have ruined their banking in the past.

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He wants the govt to make money off of the poor?

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Based on the history of the left, the opposite is true: it's a redistribution of wealth scheme to be run through the USPS.

The basis of any plan from the left is Marxism.

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the irony in this statement is thick USD is basically an IOU

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I'll go buy a pack of Kools and some scratch tickets with federal reserve notes.

You try the same thing with an empty Social Security or gov't sponsored bank account and let me know how that goes.

We'll laugh about the irony afterwards.

I couldn't imaging banking at a place that always smells like a warehouse full of feet and dirty socks.

Why would Bernie want the poor to suffer, and pay to bank, at such a foul smelling place?

I get what you are saying with this and it seems like a reasonable idea. But it is not necessary and the whole "govt could make billions off of the poor" statement is what i found

There are currently many banking options, in the private sector, that are already available for people living in rural areas. In todays world it isn't necessary for a local bank branch. Direct deposit, check cards and online banking takes the need for a local bank out of the equation. Hell most walmarts now have banking inside the store.

No way would cash at the USPS be a good idea, they would need to install vaults, hire security, train staff, etc. Those small rural PO locations would be a huge target and probably an easy score for criminals. Say it was a no cash system and they issue check cards... well that already exist in private sector..

We need to Keep the Govt out of the business sector. Banking, healthcare and etc. What's next, Govt telcoms? Govt manufacturing jobs, hell just let the Govt own and run every type of business services...hmmm that sounds like communism.

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I know this may come as a shock to some of you but not everyone lives amidst miles and miles of restaurant chains and retail stores. But almost everyone lives near a post office. This is a very popular idea in rural America......places where liberal isn’t exactly what comes to mind immediately. It is a compelling idea.

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