re: #88 sagehen

I distinctly remember Elizabeth Warren pushing for postal banking as a way to 1) provide the post office with billions of dollars a year in revenue, 2) serve customers whose financial transactions aren’t profitable enough for the big banks, and 3) undercut the check cashing and payday companies who are bleeding those customers dry.

The Republican congress vehemently opposed the idea.

I thought postal banking was Gillibrand’s thing? Either way, not necessarily a bad thing. I think a chartered Third Bank of the United States which would operate as a government owned bank would be a good idea. You could put ATMs in post offices, maybe do mini-branches like some banks have in supermarkets in post offices as well. Though I’m not sure having the folks who work the counters at post offices also being bank tellers at the same time makes a lot of sense.