General Discussion

appalachiablue

(44,029 posts)

8. WE had this 1911-1967, same in Europe and other places as the article notes.

Reply to LuckyTheDog (Original post)

Thu May 19, 2016, 04:54 PM

May 2016

K & R. Let's do it again!

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Postal banking: A realistic and trustworthy alternative to big banks [View all] LuckyTheDog May 2016 OP

All of the letter carriers I know love this idea and I do too! k&r myrna minx May 2016 #1

We need to get the House and Senate. Kingofalldems May 2016 #2

which will newblewtoo May 2016 #29

Even if we had both chambers, I tom_kelly May 2016 #39

One of Bernie's ideas... 2cannan May 2016 #3

for years wallyworld2 May 2016 #12

Got a link to that claim? scscholar May 2016 #52

Nope wallyworld2 May 2016 #54

Postal Banking is an excellent idea. Piedras May 2016 #4

But DWS HATES this idea zalinda May 2016 #6

I wonder if this subject can be found in any of the transcripts of those speeches... Doctor_J May 2016 #5

I wonder if there are any minds disciplined enough to avoid irrelevancies... LanternWaste May 2016 #40

K&R. I would love for Hillary to adopt this too, if she ends up being the nominee. nt silvershadow May 2016 #7

Nothing that takes profits away from the banks is going to happen under a Hillary djean111 May 2016 #30

Prophecies are important to people during troubled times. LanternWaste May 2016 #41

So is repetition, apparently. mac56 May 2016 #47

Ha! SammyWinstonJack May 2016 #70

ROFL! SammyWinstonJack May 2016 #69

WE had this 1911-1967, same in Europe and other places as the article notes. appalachiablue May 2016 #8

You are right, and it worked fine. raging moderate May 2016 #26

I'm for it. TryLogic May 2016 #9

Madame Presidents bosses won't like this idea. snort May 2016 #10

the NEW Democratic Party - where good ideas go to die tomm2thumbs May 2016 #14

Fully agree. snort May 2016 #19

No wonder DiFi's hubby is in such a hurry to sell off postal sites RufusTFirefly May 2016 #11

A better alternative to big banks - credit unions Algernon Moncrieff May 2016 #13

Totally agree. But we can have credit unions AND postal banking RufusTFirefly May 2016 #15

I think we need both LuckyTheDog May 2016 #34

Republicans are trying to kill the Post Office. LS_Editor May 2016 #16

GOP is trying to kill the USPS because it has the largest unionized workforce left in the US. appalachiablue May 2016 #38

I'd first want to see how it will be financed SickOfTheOnePct May 2016 #17

The exact same way it was financed up until 1967 n/t eridani May 2016 #25

And how was that? SickOfTheOnePct May 2016 #28

With government funds eridani May 2016 #57

The postal service doesn't take government funds SickOfTheOnePct May 2016 #61

Easy--put the money now used on bullshit pension funding into it. n/t eridani May 2016 #62

At best SickOfTheOnePct May 2016 #64

Any fees area vastly less expensive than payday lenders charge. n/t eridani May 2016 #74

Very true SickOfTheOnePct May 2016 #76

Until 1967, we had basic postal banking which did NOT involve makine loans. n/t eridani May 2016 #77

I know that SickOfTheOnePct May 2016 #79

What is the percentage check cashiers take? Jesus Malverde May 2016 #80

No idea what they charge SickOfTheOnePct May 2016 #83

Enthusiastically recommended. hunter May 2016 #18

I agree it will help SickOfTheOnePct May 2016 #20

There's nothing wrong with an overdraft capacity having non-usurious interest rates. hunter May 2016 #21

Yes there is... reACTIONary May 2016 #23

Gave yourself away with the use of Hugh! TransitJohn May 2016 #60

So, do you have... reACTIONary May 2016 #65

Blue cantaloupe unicorn! TransitJohn May 2016 #72

Sheesh . ... Stop making sense. eom reACTIONary May 2016 #86

You want the post office to be... reACTIONary May 2016 #22

That is nonsense LuckyTheDog May 2016 #35

Most of the people getting payday loans 1939 May 2016 #58

It has worked just fine here in Switzerland since 1906. Heidi May 2016 #44

Only problem is 1939 May 2016 #67

Bernie advocates for USPS banking. It's a great idea. Dont call me Shirley May 2016 #24

Support the Commons Cosmic Kitten May 2016 #27

Could that kill local banks too? Adrahil May 2016 #31

I don't see why it would do that (nt) LuckyTheDog May 2016 #36

WEll, if this plan is intended to compete with Big Banks... Adrahil May 2016 #49

It is intended to compete with payday lenders LuckyTheDog May 2016 #50

The only service it would do would be check cashing 1939 May 2016 #68

No. The postal service could... LuckyTheDog May 2016 #71

The postal service could do savings and checking accounts 1939 May 2016 #73

How many actual 'local' banks are left... JCMach1 May 2016 #37

Quite a few actually. Adrahil May 2016 #48

how about credit unions melm00se May 2016 #32

Credit unions are not filling the gaps LuckyTheDog May 2016 #51

What gaps are there exactly? PersonNumber503602 May 2016 #78

I would be for the post office handling all the basic Rybak187 May 2016 #33

I've been banking at a Credit Union my entire adult life. Sam_Fields May 2016 #42

What about check cashing and managing the electronic benefits on behalf of the country. Jesus Malverde May 2016 #81

And they already sell money orders. KamaAina May 2016 #43

The USPS offered this service well into the early 70s. mac56 May 2016 #45

The banks really don't want to bother with these small accounts. JDPriestly May 2016 #46

They do not care about small savings accounts. truedelphi May 2016 #53

They don't want to within the bank, but they partner with payday loan companies..nt Jesus Malverde May 2016 #82

What an amazing thread. It is very easy to spot the thinking so typical of . . . . . Stinky The Clown May 2016 #55

I haven't seen anything like that SickOfTheOnePct May 2016 #56

Japan post offers banking and insurance. Jesus Malverde May 2016 #84

K&R! nt riderinthestorm May 2016 #59

We have that in the UK. auntpurl May 2016 #63

le Poste is a large bank in France. They offer many general and basic banking services. underahedgerow May 2016 #66

Works well in France burrowowl May 2016 #75

Postal banking system Jesus Malverde May 2016 #85