Naked Capitalism readers have frequently called for the Post Office to offer basic banking services, as post offices long have in many countries, notably Japan. That idea has gotten an important official endorsement in the form of a detailed, extensively researched concept paper prepared by the Postal Service’s Inspector General. I’ve embedded it and strongly urge you to read and circulate it.Naked Capitalism
Mirabile Dictu! Post Office Bank Concept Gets Big Boost
Yves Smith
1 comment:
There is no actual bank branch within 2 miles of where I live in the UK. But there are plenty of ATMs and the Post Office on the local High Street (200 meters away) pays checks into whatever bank I want. That meets my needs.
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