We need a Prime Minister who isnt hell bent on changing Canada into a Republic while replacing our finest (even highly profitable ones) public institutions into private enterprises! “ This would be a win-win strategy, read the report, which described postal banking, the norm outside of North America, as a proven money-maker. With a national network of outlets larger than all existing banks combined, a Canadian postal bank, like the one Canada Post operated until 1968, would give the unbanked and underbanked options other than predatory money-lenders, and would force the existing banks to lower rates and improve service to compete. It would be good news for everyone – except the banking lobby. For reasons which may be related to the strength of that lobby, the report was covered-up by cabinet. When it was finally released, in response to an access to information request, 701 out of 811 pages were blacked out. The truth is simple: door-to-door delivery is currently profitable. If we want to ensure it remains profitable for future generations we should join most developed nations in the world who operate a postal bank, which cross-subsidizes the postal delivery operation. At minimum, we should study the issue in the open, away from the censor’s black marker. PLEASE SHARE WIDELY
Posted on: Thu, 25 Dec 2014 19:44:33 +0000
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