(10-22-2015 12:45 PM)HeartOfDixie Wrote:  I've said this for a long time.

Providing simple checking accounts with no fees and a debit card would be a major boost for poor people who are forced to cash checks and give away big parts of their pay.

But, it has to be limited to that and just that. It has no place acting as a real bank with loans the rest of it.

Free checking and free debit card, that's it.

Nothing is free

...because the Postal Service is such a well run organization.

Big deficits

and besides

Quote: These same banks are of course big contributors to Republicans.

is a good thing.

(10-22-2015 02:21 PM)maximus Wrote:  

(10-22-2015 12:45 PM)HeartOfDixie Wrote:  I've said this for a long time.

Providing simple checking accounts with no fees and a debit card would be a major boost for poor people who are forced to cash checks and give away big parts of their pay.

But, it has to be limited to that and just that. It has no place acting as a real bank with loans the rest of it.

Free checking and free debit card, that's it.

Nothing is free

nope....but one size doesn't fit all....

there are ways the gov't can step in to help w/o subsidizing as the only answer.....

this one isn't that hard to solve.....

oopsy, I forgot what group really runs this cuntry......

(10-22-2015 02:24 PM)QuestionSocratic Wrote:  ...because the Postal Service is such a well run organization.

Big deficits

and besides

Quote: These same banks are of course big contributors to Republicans.

is a good thing.

this is where I wholeheartedly denounce the red side.....

this is where they are screwing themselves down the road.....

you just can't create an entire new poor class AND keep the poor at bay with tactics like this and expect it to work long term.....

(10-22-2015 02:15 PM)stinkfist Wrote:  edit: I still stand behind that post.....just not the part where I thought you were for 'merging'

in no way do I want a private business to bid for, then support a gov't agency to remain solvent.....

It's a voluntary contract. The government isn't making the restaraunt take the space, it's not paying the workers, it's not cooking the food It's a simple rental agreement to use established government property that is in a highly, highly desirable location with huge people traffic.

In the example I gave, each restaurant is located within a park where otherwise no private business could operate. The private restaurants are making a profit, and MPRB is able to re-purpose land and building that otherwise were underused, decrepit, or, both.

I don't think this can scale to every Post Office in the country, but if you told me that Post Offices with open square footage could lease out space to credit union-eque banking facilities where the bank has to make the capital improvement, adhere to certain lending rules, and then Post Office gets rent and x% of the private profit as a part of the rental lease, I think that has merit.

This concept simply papers over the real problem. The real problem is the people living in the inner cities and remote rural areas don't have the training or access to good paying jobs. While this sounds nice, it does little to actually help these people. Bernie's just getting cheap kudos from his base while largely ignoring the actual problem.

(10-22-2015 02:34 PM)Lord Stanley Wrote:  

(10-22-2015 02:15 PM)stinkfist Wrote:  edit: I still stand behind that post.....just not the part where I thought you were for 'merging'

in no way do I want a private business to bid for, then support a gov't agency to remain solvent.....

It's a voluntary contract. The government isn't making the restaraunt take the space, it's not paying the workers, it's not cooking the food It's a simple rental agreement to use established government property that is in a highly, highly desirable location with huge people traffic.

In the example I gave, each restaurant is located within a park where otherwise no private business could operate. The private restaurants are making a profit, and MPRB is able to re-purpose land and building that otherwise were underused, decrepit, or, both.

I don't think this can scale to every Post Office in the country, but if you told me that Post Offices with open square footage could lease out space to credit union-eque banking facilities where the bank has to make the capital improvement, adhere to certain lending rules, and then Post Office gets rent and x% of the private profit as a part of the rental lease, I think that has merit.

I get what they are doing....

however, I only see apples and oranges in comparison.....one nets a beneficial residual to improve growth....the other yields a residual that would only prolong another poorly structured business....

I don't give a shite if atms are in the post office.....but to tie the two together in any joint relationship is off limits for reasons that are only obvious...

the issue is how to help poor people that absorb bs bank or cash checking sniper fees....

(10-22-2015 02:46 PM)miko33 Wrote:  This concept simply papers over the real problem. The real problem is the people living in the inner cities and remote rural areas don't have the training or access to good paying jobs. While this sounds nice, it does little to actually help these people. Bernie's just getting cheap kudos from his base while largely ignoring the actual problem.

Here's an idea. Move to where the jobs are. Research and find out what skills employers are in need of, and go get certifications. You've just outlined 2 more excuses for the victims of chronic poverty.

(10-22-2015 02:57 PM)ECUGrad07 Wrote:  

(10-22-2015 02:46 PM)miko33 Wrote:  This concept simply papers over the real problem. The real problem is the people living in the inner cities and remote rural areas don't have the training or access to good paying jobs. While this sounds nice, it does little to actually help these people. Bernie's just getting cheap kudos from his base while largely ignoring the actual problem.

Here's an idea. Move to where the jobs are. Research and find out what skills employers are in need of, and go get certifications. You've just outlined 2 more excuses for the victims of chronic poverty.

they are predicting a vertical future.....

I don't see how that can be wrong....

we aren't paying enough attention to infrastructure...and there are more puppies that appear daily that shouldn't be born to the economically fkd momma daddy mommas whatever.....

that's only the prelude....ol' H.G. got it right.....(wells for the those that don't read 'classics'.....am certain that number is growing)

(10-22-2015 02:57 PM)ECUGrad07 Wrote:  

(10-22-2015 02:46 PM)miko33 Wrote:  This concept simply papers over the real problem. The real problem is the people living in the inner cities and remote rural areas don't have the training or access to good paying jobs. While this sounds nice, it does little to actually help these people. Bernie's just getting cheap kudos from his base while largely ignoring the actual problem.

Here's an idea. Move to where the jobs are. Research and find out what skills employers are in need of, and go get certifications. You've just outlined 2 more excuses for the victims of chronic poverty.

How do you move if you're born into chronic poverty and have no money? You can't make and save money if you live in a rural area where jobs don't exist.

How do you pay for the certifications?

Your solutions are fine for middle class people that have lost their jobs and don't have the skills to find a new one, but have enough in savings or at least good enough credit to get a loan to change their status. They don't work for people that have nothing and no way to change that. Moving is expensive. Training classes are expensive. Banks don't lend to people with no money and poor/no credit.

So how do you dig yourself out of that hole?

"Many millions of working class Americans are preyed on by payday lenders and check cashing services which charge exorbitant fees."

Good to know you think low income Americans are too stupid to think for themselves and need Daddy Government to regulate them into having an intellectual capacity for financial stability.

(10-22-2015 02:57 PM)ECUGrad07 Wrote:  

(10-22-2015 02:46 PM)miko33 Wrote:  This concept simply papers over the real problem. The real problem is the people living in the inner cities and remote rural areas don't have the training or access to good paying jobs. While this sounds nice, it does little to actually help these people. Bernie's just getting cheap kudos from his base while largely ignoring the actual problem.

Here's an idea. Move to where the jobs are. Research and find out what skills employers are in need of, and go get certifications. You've just outlined 2 more excuses for the victims of chronic poverty.

"Let them eat cake"...

You know what's crazy?

A lot of people in this country who have no money have no one to blame but themselves for their plight. Stop trying to always push the blame onto other people, liberal buttwipes.

(10-22-2015 03:22 PM)Niner National Wrote:  So how do you dig yourself out of that hole?

Value family
Value education

Stop doing drugs
Stop having kids with multiple partners

Limit your alcohol usage
Limit your tobacco usage

Learn how to cook for yourself
Learn how to wrench for yourself

Be responsible for your actions

(10-22-2015 01:39 PM)Max Power Wrote:  These services will be relatively simple and I don't think it's the worst thing if your local post office bank isn't at the forefront of technology. Many of these low income Americans it would be helping just want to be able to cash the check they received from their employer and take their money out of their mattress.

You've never had to have your computer system comply with sox have you? "forefront" of technology is not the issues. Operating systems that can pass a sox, pci, or other audit is.

There is no such thing as simple when it comes to a financial institution.

Quote:I don't know about tiny accounts being all that costly. I'm sure it could be paid for with interest collected on small loans.

I loan out money to people with high credit and have default rate which tames my average 10-12%apr to a 5-6% apr... When you lower the standards how much do you plan on making?

Here is the thing. You don't know about this stuff and neither does bernie. Best to let people who know it run the business and technology end.

Quote:$9 billion, although I think the federal government shouldn't pocket that money but rather give it back to the people using the services (including the borrowers). I don't want any profits flowing from poor people to banks.

This is the problem with socialism. If banks don't make money why would there be banks? if there were no banks where do small businesses go for loans? where do people get mortgages?

(10-22-2015 03:32 PM)Lord Stanley Wrote:  

(10-22-2015 03:22 PM)Niner National Wrote:  So how do you dig yourself out of that hole?

Value family
Value education

Stop doing drugs
Stop having kids with multiple partners

Limit your alcohol usage
Limit your tobacco usage

Learn how to cook for yourself
Learn how to wrench for yourself

Be responsible for your actions

But what about white privilege

I can't wait until Bernie Sanders goes away.

I'm sorry, but the whole "can't afford a bank account" thing is complete and total BS. I use BBVACompass. Their free account only requires a $25 minimum deposit. Very, very few people don't have $25 to their names. Most folks who use the payday lending places have more than that in their wallets. If they were quasi-intelligent they'd realize that they're paying more in interest/fees to the lenders than they would as most banks who even charge a fee for checking. Most banks are $4-10/month to keep a basic checking account.

Protecting the stupid from themselves is not the government's job.

https://www.bbvacompass.com/disclosure/c...labama.jsp

Post Office's already perform some banking services. You can purchase a money order at a Post Office.

I say pay them in gift cards or traveler cheques. Problem solved.