NOVEMBER 30, 2021 9:29AM
The Postal Banking Loophole
By Nicholas Anthony
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The Postal Service’s pilot postal banking program is struggling to win customers. Yet, USPS officials “expect to expand the pilot into a fuller study with more locations and financial products” after the new year. This announcement has members in both the Senate and House of Representatives questioning the Postal Service’s authority to launch the program in the first place.
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It just subsidized junk mail, Amazon, and UPS.
Don’t tell me that the politicians and bureaucrats are worried about the poor people who are unbanked and forced to use “check cashing” places at exorbitant costs. WalMart offered to solve that problem for the US by offering banking series at every WalMart store.
Seriously, let’s just outsource USPS to WalMart and save a lot of money.
Look at all the real estate that could be sold to entrepreneurs for better uses.