Originally published at http://www.commondreams.org/views/2020/08/30/postal-banking-brought-you-jpmorgan-chase
Jamie Dimon: “Have I got a deal for you…”
The first thing that Margaret Thatcher did was to privatize the post office owned Girobank. Sold for 300 million pounds and immediately re-valued by the new owners at a billion.
A LA NORTH DAKOTA
That’s five (or possibly six) words.
And I wouldn’t touch the bank Jamie Dimon wants to exploit with a ten-foot pole.
Once again, the profit motive is king. Postal banking was supposed to help those under-served communities that multinationals won’t and don’t - allowing them access is merely to help them get much “too big to fail” and should NOT be allowed.
Vote all of these criminal grifters out of public office!!
I don’t disagree, but replace them with who?
I haven’t seen a single person running, that claims that title. Not that I wouldn’t vote for them.