Your local post office could become a bank if this bill passes

[Madmallard]

Sillibrand is at it again.

Senator Kirsten Gillibrand, D-N.Y., is proposing legislation aimed at putting an end to current payday lending practices by giving some banking services a new home: the U.S. Post Office.
Your local post office could become a bank if this bill passes

 

[Calculon]

Not uncommon around the world. But you can bet when Gillibrand is in favor somehow it will give .gov control that it doesn't currently have. Just what we need is longer lines at the PO.

 

[Carlos Hathcock]

I'm sure all the costs associated with this will come out of my pocket, especially when it turns out to be huge mistake.
FUKG

 

[livingston]

She should work a few days in some post offices ...

 

[tlj000]

When the money doesn't get paid back who is going to go after the borrower?

Nobody

More free money handouts

 

[togmaster]

Sure give the post office another way to loose money. It's a mismanaged mess already.

 

[libertysnake]

Sure, let's put all services in control of the government. WCGW? (What Could Go Wrong)

 

[Mosinitis]

Nothing to bitch about? Who gives a shit? Actually this is not a bad idea.

 

[Mosinitis]

THE COUNTRY IS TURNING TO SHIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[livingston]

Some rural areas have post offices, but no bank or credit union branches, Pew found in its research.

How many folks in rural areas get pay day loans ? .. Let banks handle this .. No way are post offices set up to handle this situation.

 

[Mosinitis]

God forbid banks will lose some business. It's so GOP to take care of the big boys and piss on gun owners.

 

[1911guy]

God forbid banks will lose some business. It's so GOP to take care the big boys and piss on gun owners.

Are you under the assumption that she is a Republican? Do you live under a rock?

 

[Mosinitis]

Are you under the assumption that she is a Republican? Do you live under a rock?

I don't care about her party affiliation. I am not one of the indoctrinated idiots who get screwed and tow the line of people who screw them. It's not a bad idea whoever it comes from.

 

[Mosinitis]

Fanatical Republicans suck ass, just as much as fanatical democrats. Get your fucking partisanship away from me.

 

[1911guy]

So why did your reply not include the DNC? " It's so GOP to take care the big boys and piss on gun owners."

 

[Mosinitis]

So why did your reply not include the DNC? " It's so GOP to take care the big boys and piss on gun owners."

....... because it's GOP who are playing bait and switch.

 

[Podmonkey]

I don't have a problem with this either actually. Particularly since the Post Office is entirely self funded.

 

[Mosinitis]

They passed the SAFE act, passed draconian domestic violence confiscation and I should be concerned about banks losing some business.

 

[libertysnake]

They passed the SAFE act, passed draconian domestic violence confiscation and I should be concerned about banks loosing some business.

It's not our biggest concern, but our way of life is dying a death of a thousand cuts. We should be concerned whenever the government tries to take on a role outside of its scope.

 

[Burzum]

Payday lenders ought to have their balls cut off publicly then be burned at the stake, with many others.

The payday lender need is a symptom of what is killing America, the loss of private sector opportunity and livable wages created by the free market.

When was it okay for companies to dump retiree health care obligations onto an overburdened Medicare (w/o any politician complaining),

when did it become okay to allow the private sector to destroy pensions and give golden parachutes to the executive board,

when did it become okay to destroy the value of the dollar so elderly people are encouraged to f**k over their heirs with reverse mortgages,

when did it become okay to get a hospital bill from a simple procedure big enough to buy a house???????????????????????

Making money is fine, colluding with banksters to screw over the American worker and morph the Republic from what it was to something worse is NOT okay.

 

[AvalonTouring]

As someone that does work at a post office, this would be a nightmare for us because we are already badly understaffed (our management are morons) and we have lines out the door all day and one clerk working the window (usually me).

 

[BDinPutnam]

....... because it's GOP who are playing bait and switch.

Gillinbrand is a Democrat, chief.

 

[Mosinitis]

Gillinbrand is a Democrat, chief.

You missed the entire point.

 

[Mosinitis]

It's not our biggest concern, but our way of life is dying a death of a thousand cuts. We should be concerned whenever the government tries to take on a role outside of its scope.

What way of life? I am not a banker, I don't give a fuck.

 

[Grimscale]

If they are worried about the interest rates of payday loans then why not make a Law limiting the amount of interest that can be assigned to a payday loan? Why would you want to further overburden a governmental organization that has enough on its plate?

Seriously...do these idiots even bother to look at the real world now and then?

 

[Marine Cpl]

What will they do next? Sell cars and homes? Just deliver the fucking mail properly like UPS and FedEx does.

 

[Jmac00]

Im going out on a limb here and say most of the donors to Sillibrands re-election campaign are BIG BANKS / FINANCIAL INSTITUTIONS

Im just guessing though

 

[Mosinitis]

USPS already sells Money Orders. Postal money orders are always preferred by businesses, because bank money orders are often forged. I remember when banks were paying interest and it was enough for people to retire on. Now they use your money and give you nothing. They always find a way to screw the little guy.

 

[Phauxtoe]

I think Payday loans are predatory so I am not opposed to this if the GOV doesn't just take over but makes it fair and still profitable!
I would have to read the Bill, but i won't!

 

[Darth]

I don't have a problem with this either actually. Particularly since the Post Office is entirely self funded.

The post office seems to be private when it wants to be, and public when it wants to be.

1) "The post office stinks, another example of government failure. And their employees are rude as fuck. Just like the DMV."

"A durr, the post office is privately funded."

2) "The post office is a private entity? Cool! Let me CCW inside one."

"NO CARRY IN GOVERNMENT BUILDINGS DUMBASS!"