AOC calls for a public option for banking services

SFGbob

I swear, I didn't hear this before I made my prediction earlier today.

http://twitter.com/TakeOnWallSt/status/1126536181129334785?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1126536181129334785&ref_url=https%3A%2F%2Fhotair.com%2Farchives%2F2019%2F05%2F09%2Focasio-cortez-need-public-option-banking-modeled-us-postal-service%2F

SFGbob

A government run banking system run through the US postal service. Gosh, what could go wrong?


The U.S. Postal Service on Wednesday reported a financial loss for the 12th straight year, citing declines in mail volume and the costs of its pension and health care obligations, as the agency braces for an upcoming report ordered by President Donald Trump to address its “unsustainable financial path.” …

The Postal Service reported a loss of $3.9 billion for the budget year that ended Sept. 30, compared with a $2.7 billion loss the year before.

Southerndawg

Socialist gonna socialist.

Bendintheriver

FFS. If you thought Fannie and Freddie were disastrous and cost the world trillions, wait until this nitwit and her buddies set up a banking system. This is the worst idea since democrats thought it was a great idea to elect Jew haters to congress. They just keep on one upping themselves in rapid fashion. Most "worst" ideas take decades to one up but not those of the modern day democrats.

RaceBannon

http://twitter.com/GunnelsWarren/status/1126647017990774786?s=19

UW_Doog_Bot

We should probably have a central bank.

PurpleThrobber

A bank run by the federal government was adamantly opposed by Thomas Jefferson and Andrew Jackson (Hi, @Swaye) put a fork in it.

AOC's been listening to the Hamilton soundtrack too much.

Maybe she'll put out a tittay dance video with those tunes.....

MikeDamone

People need access to checking accounts. It’s not fair that they don’t have that access.

SFGbob

MikeDamone said:

People need access to checking accounts. It’s not fair that they don’t have that access.

Checking accounts are a right. And you can't just provide people with checking accounts and not give them money to put into those accounts that would be unfair and racist.