Postal Loans and Postal Cards are only two of a suite of non-bank financial services proposed in the white paper that could result in substantial savings for the poor, while at the same time generating much-needed profits for the struggling Postal Service itself. Postal profits serve the public by keeping the Pony Express running and postage stamps affordable.
The Inspector General's white paper concludes, "As the Postal Service continues to look for new ways to serve the citizens of the 21st century, non-bank financial services may be the "killer app' for diversifying its revenue base."
It may also be the killer app for keeping both the poor and the Postal Service itself out of bankruptcy.
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