Poll: Warren's proposal to bring basic banking services to low income neighborhoods has big support!

[Cali_Democrat]

Elizabeth Warren's Postal Banking Idea Has Big Public Support, New Poll Finds
Posted: 02/13/2014 7:34 am EST

Many Americans say they would support the U.S. Postal Service expanding into basic banking and financial services and would sometimes use those services if they were available, according to a new HuffPost/YouGov poll.

Expanding post office services to include banking was recently explored in a report by the Postal Service inspector general, and is backed by Sen. Elizabeth Warren (D.-Mass.) as a way to bring affordable basic banking services to low-income neighborhoods. Those neighborhoods are often ignored by banks and served only by check cashers and payday lenders that charge high fees.

According to the new poll, 44 percent of Americans said they would favor the Postal Service offering basic financial services like bill-paying, check-cashing and small loans. Thirty-seven percent said they were opposed, and 19 percent said they weren't sure.

http://www.huffingtonpost.com/2014/02/13/post-office-banking-_n_4776767.html

[frazzled]

1. To be fair, it was the proposal of the USPS inspector general

In a white paper released on January 27.

http://www.uspsoig.gov/sites/default/files/document-library-files/2014/rarc-wp-14-007.pdf

Senator Warren supports it, but it is not her proposal.

[Scuba]

2. Everything she says seems to have wide support. Gosh, people like that message. Who knew?

Certainly not the Third Way leadership.

[Enthusiast]

6. Yes, it's quite a mystery.

TPTB must redouble their efforts to force the Third Way agenda on us.

[Laelth]

3. k&r for Elizabeth Warren. n/t

-Laelth

[Swede Atlanta]

4. I love it when 37% say they were opposed.....

Why are they opposed? How would a plan to allow the post office to offer these services negatively affect them? Do they think they would wait in line longer at the post office to do their business? What exactly is driving those negative views?

Bigger question is the only reason we care is because Congress would have to approve any change in the scope of services the Post Office could offer. So Republicans who want the PO to fail will use those kinds of numbers to support their opposition.

Why wouldn't we want to experiment with ways of increasing revenues to the PO and provide services that many need. Today commercial banks rape depositors, especially small depositors. The services available at the PO may be very helpful to the poor.

Of course banks will hate this idea because they screw the little guy every time and this would mean some of their existing customers would have options.

[freshwest]

8. That 37% is against anything federal, unions, public workers and for privatizing everything.

A part of them believes the postman is spying on them, and the post office is keeping lists of them for the FEMA camps an a lot of other rot.

They want the Post Office gone, although most of the rubes are benefiting from its day to day operations.

Wish I was kidding, but it's all part of the cultish mindset fed them by their media sources.

[lsewpershad]

5. Her support shows

she's with the "PEOPLE" for Christ's sake.

[AndyTiedye]

7. We Had a Postal Savings System a Century Ago

There were many communities that were not served by banks at the time.
This is still the case.