The Hell of Postal Banking

A Liberal’s Lament

c/o Blake Hall on Flickr

The Problem of Banking for the Poor, Which Now Includes About One Half of the United States

The banking industry in the United States is simply not interested in servicing households outside the top half (or ideally the top quintile) of the income scale, except to suck fees out of them.

A Possible Solution: Postal Banking, Pros and Cons

Postal workers love postal banking because … it will make Americans more supportive of the USPS generally and Republicans will then be less able to sabotage or otherwise destroy it in favor of FedEx and UPS….

The Main Problem With Postal Banking

THE POST OFFICE SUCKS.

BIG TIME.

Leaving the post office, most times. (Photo by Gabriel Matula on Unsplash)

Why doesn’t the post office seem to be able to do better? After all, the worse Americans’ experiences at the post office are, the less likely they are to care when Darrell Issa and his committee take a machete to the post office and try to kill it off once and for all.

Conclusion [and deep, audible sigh]

Wouldn’t it be far easier to just require all banks to offer free checking … as a condition of their getting FDIC insurance and being able to participate in the Federal Reserve system?

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It's been a real leisure. [That picture is not me.--ed.]

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