Hi! It's Bobby From the US Post Office & You Owe Us Money
Published: Thu, 02/13/14
don't pay my client, the United States Post Office, their
MONEY! Plus, we'll cut-off your ability to buy stamps! And,
we'll sick the IRS on you. And..."
Prefer to read online:
http://paydayloanindustryblog.com/?p=2388
So Elizabeth Warren thinks it's a great idea for the US Postal
Service to loan money to the "underbanked."
And this little ditty from The New Republic:
"One of the key messages of Obama's State of the Union
address is his willingness to bypass Congress to create jobs and
reduce inequality. As luck would have it (Give Me a Break!) , a new
government report detailed an innovation that would preserve one of
the largest job creators in the country, save billions of dollars
specifically for the poor, and develop the very ladders of
opportunity that Obama has championed as of late. What's more,
this could apparently be accomplished without Congressional action,
but merely through existing executive prerogatives."
"What's the policy? Letting the U.S. Postal Service (USPS)
offer basic banking services to customers, like savings accounts,
debit cards and even simple loans. The idea has been kicked around
policy circles for years, but now it has a crucial new adherent:
the USPS Inspector General, who endorsed the initiative in a
comprehensive white paper."
Wow! Doesn't this motivate you to apply for a job in the new
U.S.Postal Service's Department of Lending?
I can't imagine taxpayers funding these loans! Worse, the
United States Postal Service is going to "partner" with
banks; the ultimate "loan sharks." These are the same
banks who were charging their own customers $10 in fees per $100
loaned IF their customer had direct deposit? NO RISK LOANS!!
Add to this equation the call center collection personnel working
out of India, Panama, Belize...! "Hi, my name is Bobby and
you're going to prison if you don't pay my client, the
United States Post Office, their MONEY! Plus, we'll cut-off
your ability to buy stamps!" And, we'll sick the IRS on
you. And..."
In order to pull this off, our federal government would have to
provide clarity and federal direction regarding the 50 states. Why
not do this now and allow entrepreneurs to figure out how to
construct an appealing product and compete with one another? Why
should taxpayers, the FED's, the U.S. Post Office and banks
collaborate and compete against private business?
Next, our federal government, in conjunction with consumer literacy
groups, will decide the American reading level is not what it
should be and launch a new enterprise to compete against Amazon.
After all, the the Obama administration could subsidize iTunes,
eBooks and movies easily with taxpayer dollars.
Be sure to check out Michael Brown's thoughts on this matter
over at http://www.CreditAccessBusiness.com. And, if you're interested in
Texas payday, car title, installment lending, you must make his acquaintance!
Jer@TrihouseConsulting.com