POLL: Do you support post offices doubling as banks?

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BY TEAM DML / MAY 14, 2019 /

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New York Democrat Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders announced a proposal to convert post offices into functioning banks and institutions of financial services. The two Democratic Socialists believe the idea of postal banking will help do the following:

  •  Provide relief to low-income Americans.
  • Allow  low-interest loans, checking and savings accounts, debit cards, check cashing, bill payment, ATM services, online banking services and electronic money transfers.
  • Prevent Americans from falling victim to lending malpractices.

The Treasury Department is against the proposal, claiming the USPS has limited expertise in handling financial operations and the transition would be risky. The USPS office has also publicly commented on similar proposals before, stating their goal is delivering, not banking.

Do you support the idea for post offices to double as banks?

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7 Comments

  1. Dana Robinson May 14th, 2019 at 10:27 am

    more big government control

    Socialists are NOT TO BE TRUSTED..NOR HEEDED IN ANY SUGGESTION..ITS SATAN TALKING

    Reply

  2. Gail May 14th, 2019 at 10:28 am

    Just another hare-brained scheme by AOC’s puppetmaster.

    Reply

  3. Teresa Chavez May 14th, 2019 at 10:30 am

    Socialists want this because the government would have control and it’s a way to weasel their way into peoples lives!

    Reply

  4. Capit May 14th, 2019 at 10:52 am

    Absurd thoughts of a communist. AOC should not be allowed to write laws as she is from a Stalin past life. Heaven forbid she ever become a speaker of congress in either the house or the senate. I was horrified when I saw her leading the house floor last week. She isn’t mentally stable enough to be a lawyer let alone a congresswoman.

    Reply

  5. Sue Kosmucki May 14th, 2019 at 11:41 am

    You must be kidding! They can’t deliver the mail in a timely way, call them and they put you on hold for over an hour and then are rude. I can’t imagine what the would do with our money. Another way to control the people. No no no!

    Reply

  6. 22kws22 May 14th, 2019 at 1:04 pm

    Post office as banks? We don’t even need Brick and mortar banks.

    Reply

  7. Richard May 15th, 2019 at 8:08 am

    Last I checked, Post Offices still have money orders, those are financial devices that low income people can use. Why put more of a stress on a stressed government agency?
    Leave banking to the experts and keep the government out of it because they will most likely ‘muck it up.’

    Reply

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