- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Post Office's Brilliant Strategy For Solvency -- Become a Bank
Posted on 2/16/14 at 2:32 pm to LSURussian
Posted on 2/16/14 at 2:32 pm to LSURussian
quote:Have to admit, it would give new meaning to "the check's in the mail"
Post Office's Brilliant Strategy For Solvency -- Become a Bank
1
Posted on 2/16/14 at 2:33 pm to Eighteen
quote:
Why would the Post Office assume it could do a better job at something over private businesses?
Congress has assumed the Post Office can do a better job than private companies of pre-funding their pension obligations.
They already have a postal money order system. Heck - you can already have what amounts to a "bank account" of sorts using a P.O. box and postal money orders.
Posted on 2/16/14 at 2:34 pm to Big Scrub TX
quote:
No, but that doesn't hurt. I was referring to the extant network of thousands of locations reporting to a centralized authority.
Why dont we just put banks in all the Subway locations?? They have way more locations than the USPS
Posted on 2/16/14 at 2:34 pm to SpidermanTUba
FDIC is limited to what? 25k. Comforting. Do I have an alternative option? Or did the government force their way into the market?
Posted on 2/16/14 at 2:40 pm to NC_Tigah
The "post office is also a bank" system has already been tried by the Soviet Union. That didn't turn out too well.
Posted on 2/16/14 at 2:41 pm to BBONDS25
quote:
FDIC is limited to what? 25k.
250k.
Posted on 2/16/14 at 2:46 pm to LSURussian
Let the post office die
Posted on 2/16/14 at 3:01 pm to LSURussian
Thanks.
Posted on 2/16/14 at 6:17 pm to LSURussian
quote:
The "post office is also a bank" system has already been tried by the Soviet Union. That didn't turn out too well.
It's been tried to much better effect in Japan.
LINK
Posted on 2/16/14 at 6:24 pm to Big Scrub TX
quote:
It's been tried to much better effect in Japan.
The government was criticized for using these funds to engage in uneconomical infrastructure projects—what in America would be called pork barrel spending.
Wiki made it sound not so great, as what I quoted above.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News