AOC and Bernie Have a Brilliant New Idea for Banking

[Weatherman2020]

Why are Democrats working so hard to get Trump elected again? It’s only 2019, throttle back!


There are dumb ideas and then there’s whatever this is.

Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of “non-profit banking services” done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.

* * * * * * * *

Handing out loans to high credit risks is how you get a crash like we had in 2008.

Yet, here’s AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. That’s the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? It’s completely insane.

AOC and Bernie Have a Brilliant New Idea for Banking

 

[The Professor]

If Occasional-Cortex had another brain it would be lonesome.

 

[Toddsterpatriot]

Why are Democrats working so hard to get Trump elected again? It’s only 2019, throttle back!


There are dumb ideas and then there’s whatever this is.

Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of “non-profit banking services” done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.

* * * * * * * *

Handing out loans to high credit risks is how you get a crash like we had in 2008.

Yet, here’s AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. That’s the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? It’s completely insane.

AOC and Bernie Have a Brilliant New Idea for Banking

Reminds me of the Public Banking idea.

Public Banking Institute

Or Obama's brilliant plan to save money by taking over student loans.

 

[georgephillip]

Where did you get the idea public banking requires dispensing subprime loans? That's a specialty of for-profit banks.

"Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor...."

Postal savings system - Wikipedia

"In the United States, the United States Postal Savings System was established in 1911 under the Act of June 25, 1910 (36 Stat. 814). It was discontinued by the Act of March 28, 1966 (80 Stat. 92)."

 

[Justin Richardson]

Why are Democrats working so hard to get Trump elected again? It’s only 2019, throttle back!


There are dumb ideas and then there’s whatever this is.

Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of “non-profit banking services” done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.

* * * * * * * *

Handing out loans to high credit risks is how you get a crash like we had in 2008.

Yet, here’s AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. That’s the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? It’s completely insane.

AOC and Bernie Have a Brilliant New Idea for Banking

No thanks. I’d rather not have the agency that has a hard time finding my house 2 consecutive days to hold my money.

 

[occupied]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

 

[2aguy]

Why are Democrats working so hard to get Trump elected again? It’s only 2019, throttle back!


There are dumb ideas and then there’s whatever this is.

Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of “non-profit banking services” done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.

* * * * * * * *

Handing out loans to high credit risks is how you get a crash like we had in 2008.

Yet, here’s AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. That’s the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? It’s completely insane.

AOC and Bernie Have a Brilliant New Idea for Banking

The best thing in the world....but it should only be for members of congress and it should be mandatory for the entire wealth of their families...not just their congressional salaries......let them suffer....

 

[percysunshine]

Why are Democrats working so hard to get Trump elected again? It’s only 2019, throttle back!


There are dumb ideas and then there’s whatever this is.

Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of “non-profit banking services” done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.

* * * * * * * *

Handing out loans to high credit risks is how you get a crash like we had in 2008.

Yet, here’s AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. That’s the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? It’s completely insane.

AOC and Bernie Have a Brilliant New Idea for Banking

So this is the part where the money goes into the garbage disposal...

 

[justoffal]

Why are Democrats working so hard to get Trump elected again? It’s only 2019, throttle back!


There are dumb ideas and then there’s whatever this is.

Alexandria Ocasio-Cortez and Bernie Sanders have teamed up to introduce the idea of “non-profit banking services” done via the post office, where sub-prime loans would be given out to people who are terrible credit risks, thereby causing high default rates. Because absolutely nothing bad could come of that.

* * * * * * * *

Handing out loans to high credit risks is how you get a crash like we had in 2008.

Yet, here’s AOC and Bernie suggesting that not only should banks give out junk loans, but that the Postal Service should be doing the lending. That’s the same Postal Service that lost $3.6B last year alone. Now these two socialists want them to take on even more losses via giving out bad loans? It’s completely insane.

AOC and Bernie Have a Brilliant New Idea for Banking

Yeah it goes like this:

GIVE US YOUR FUCKING MONEY!


jo

 

[bripat9643]

Where did you get the idea public banking requires dispensing subprime loans? That's a specialty of for-profit banks.

"Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor...."

Postal savings system - Wikipedia

"In the United States, the United States Postal Savings System was established in 1911 under the Act of June 25, 1910 (36 Stat. 814). It was discontinued by the Act of March 28, 1966 (80 Stat. 92)."

Wrong. It's an idea the government imposed them.

 

[Bruce_T_Laney]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

It is a horrible idea and nothing will convince me otherwise...

 

[occupied]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

It is a horrible idea and nothing will convince me otherwise...

Of course not you loyal little Trumpbot. The big banks thank you for your entirely predictable knee-jerk reaction to something you know nothing about.

 

[Bruce_T_Laney]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

It is a horrible idea and nothing will convince me otherwise...

Of course not you loyal little Trumpbot. The big banks thank you for your entirely predictable knee-jerk reaction to something you know nothing about.

Thank you for showing your ignorance seeing I hate Trump.

The government handing out high risk loans is a great idea until those borrowing default because they could not pay leaving the government on the hook.

It is better to educate the ignorant fools so they can get a better paying job, wait you hate that idea because if they are educated then you can not put them on the goverment crack pipe...

 

[Maxdeath]

The good thing about is it should take less then six months to totally bankrupt the post office. Then we can rely on email, ups, FedEx and the other shipping services. We can finally allow companies that make a profit handle all those things the post office does now.

Of course the down side is there may be a problem with all those on retirement. But no need to worry about that.

 

[occupied]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

It is a horrible idea and nothing will convince me otherwise...

Of course not you loyal little Trumpbot. The big banks thank you for your entirely predictable knee-jerk reaction to something you know nothing about.

Thank you for showing your ignorance seeing I hate Trump.

The government handing out high risk loans is a great idea until those borrowing default because they could not pay leaving the government on the hook.

It is better to educate the ignorant fools so they can get a better paying job, wait you hate that idea because if they are educated then you can not put them on the goverment crack pipe...

The article is a lie. No loans, just basic banking services to communities where banks really do not exist.

 

[Bruce_T_Laney]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

It is a horrible idea and nothing will convince me otherwise...

Of course not you loyal little Trumpbot. The big banks thank you for your entirely predictable knee-jerk reaction to something you know nothing about.

Thank you for showing your ignorance seeing I hate Trump.

The government handing out high risk loans is a great idea until those borrowing default because they could not pay leaving the government on the hook.

It is better to educate the ignorant fools so they can get a better paying job, wait you hate that idea because if they are educated then you can not put them on the goverment crack pipe...

The article is a lie. No loans, just basic banking services to communities where banks really do not exist.

Here is a better idea and do infrastructure where people can do online banking through high speed internet...

The Post Office should not be into any form of Banking!

The post office has closed many offices in small communities during Obama days, so those small communities will not benefit as you believe and this is more for inner city investment instead...

 

[Toddsterpatriot]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

It is a horrible idea and nothing will convince me otherwise...

Of course not you loyal little Trumpbot. The big banks thank you for your entirely predictable knee-jerk reaction to something you know nothing about.

Thank you for showing your ignorance seeing I hate Trump.

The government handing out high risk loans is a great idea until those borrowing default because they could not pay leaving the government on the hook.

It is better to educate the ignorant fools so they can get a better paying job, wait you hate that idea because if they are educated then you can not put them on the goverment crack pipe...

The article is a lie. No loans, just basic banking services to communities where banks really do not exist.

No loans, just basic banking services to communities where banks really do not exist.

You want a bank that doesn't make loans?

 

[occupied]

It is by no means a new idea nor is it a bad idea in spite of this shit article.

It is a horrible idea and nothing will convince me otherwise...

Of course not you loyal little Trumpbot. The big banks thank you for your entirely predictable knee-jerk reaction to something you know nothing about.

Thank you for showing your ignorance seeing I hate Trump.

The government handing out high risk loans is a great idea until those borrowing default because they could not pay leaving the government on the hook.

It is better to educate the ignorant fools so they can get a better paying job, wait you hate that idea because if they are educated then you can not put them on the goverment crack pipe...

The article is a lie. No loans, just basic banking services to communities where banks really do not exist.

Here is a better idea and do infrastructure where people can do online banking through high speed internet...

The Post Office should not be into any form of Banking!

The post office has closed many offices in small communities during Obama days, so those small communities will not benefit as you believe and this is more for inner city investment instead...

I am only familiar with this thing in a very general way but the big banks are against it so it can't be all bad.

 

[Dale Smith]

How are they gonna get rid of the foreign owned Federal Reserve central bank? Those two clowns haven't the slightest clue.

 

[Toddsterpatriot]

How are they gonna get rid of the foreign owned Federal Reserve central bank? Those two clowns haven't the slightest clue.

The Fed isn't owned by foreigners.