AOC Along With Bernie Proposes US Postal Service Do Banking Services


So Rep. Alexandria Ocasio-Cortez not only says the government should be in control of banking, but she says that it should be done through the Postal Service.

“You have post offices in almost every community in America. They should be available to provide basic banking services so that people do not have to go into payday lenders.”

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CNS:

Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) unveiled legislation Thursday aimed at fighting predatory lending practices of banks and to protect consumers from “exorbitant” credit card interest rates.

They also propose giving the U.S. postal service the ability to conduct basic banking services, allowing people to cash paychecks, transfer money electronically, and pay bills.

“An additional crisis, but part of this whole situation is that many poor people don’t have access to banking services, because the big banks are not worried about somebody who makes $10 an hour. They can’t make enough money for that, so we have got to move toward universal banking through the postal system,” Sanders said in a livestreamed video on Facebook and Twitter.

“You have post offices in almost every community in America. They should be available to provide basic banking services so that people do not have to go into payday lenders,” Sanders said, adding, “If you think Wall Street is disgusting, think about payday lenders charging people 100 -150 percent interest rates.” More

Oh great so not only will the U.S. Postal service deliver my neighbor’s mail to my address and vice-versa, but they could also deposit my money into my neighbor’s account and vice versa, wonderful!

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