FAIR MONEY

Face to Face with Inequality

How about that post office?

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Mehrsa Baradaran, a law professor with an interest in the “social contract” underlying the financial industry, proposes that the post office start offering financial services to the underbanked.  It makes sense, she says, because the postal service has a presence in neighborhoods that commercial banks have pulled out of. It’s the best idea I have heard of to apply positive pressure on the subprime financial services industry and change the competitive landscape those services operate in.

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