WELL, WE’RE TALKING BERNIE AND AOC HERE: Tom Maguire: The US Post Office to provide banking services to the underserved? The numbers don’t add up! Well, sounds like it’s more about using fees from poor people to prop up employment of unionized, Dem-voting postal employees. And political hacks: “From yet another perspective, the Japanese had a more extensive Postal Bank with huge private savings. A 2005 Parliamentary campaign was oriented towards privatizing it. Apparently this institution had become cozy with crony capitalists and politicos. Who could have seen that coming?” I think Bernie and AOC do, and to them it’s not a bug, but a feature.

Plus, note this piece on how, rather than being a ripoff, check-cashing businesses often serve poor people better than banks.