economy personal finance investing politics region north america vote 2008

Is going "postal" the way forward for U.S. banks?

By John Hockenberry, Adaora Udoji, Noel King

Monday, October 6 2008

The U.S. economy's troubled banking sector is under fire. Investments banks are being absorbed by commercial banks and Americans are afraid for their money. Michael Lind, a fellow at the New America foundation, has a solution: postal banks — small banks set up through your local post office. These banks once were a key part of the U.S. banking sector. Can they be once more?

Guest: Michael Lind, a fellow at the New America Foundation, where he directs the American Infrastructure Initiative.
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Any system might be good if our pols and suits are ethical. Take that away!

Posted by Liam, 8:53 a.m. Monday, October 6 2008 Permalink

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