Can The Post Office Save Itself By Becoming A Bank?
Could the US Postal Service improve its financial position by becoming a bank? And could it change the financial sector for the better in the process? This idea, known as postal banking, has become increasingly mainstream over the course of 2014. And while there’s no indication such a change is imminent, it could be achieved without congressional action or any new tax revenue — exactly the sort of idea activists are looking for in a time of gridlock.
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