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General News    H3'ed 2/11/14

Postal Service Banking Relies on Obama to Use His Appointment Powers

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Scott Baker
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A recent recommendation by the U.S. Postal Service inspector general that the agency offer basic banking services to customers has generated lots of discussion. Senator Elizabeth Warren endorsed the idea as a way to aid the post officeà ‚¬ „ s search for new revenue and provide needed access to financial services to millions of low-income Americans. And the fact that bank lobbyists have been freaking out at the prospect shows they recognize the potential for this to catch on.
Hereà ‚¬ „ s where Obama deserves criticism: There are five vacancies on the nine-member board. He has not successfully placed a single appointee on it during his entire tenure in office. The four existing members were all appointed by George W. Bush.
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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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