A public bank for LA: instead of sending hundreds of millions to predatory finance, Angelenos' taxes can fund community development

The most obvious thing in the world is for the USPS to become a community bank, nationally. Would wipe out predatory lenders, predatory pay day lenders and check cashers, and revive the institution at the same time. Stamps, and mailing letters, is a loss leader to money orders, wiring money, loans and consumer banking

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