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Toomey: Postal Banking ‘A Very Bad Idea’; GSE Reform on Agenda for 117th Congress on Sen. Pat Toomey (R-Pa.) today shared his candid thoughts on postal banking during the American Bankers Association’s virtual Washington Summit. “It’s a very bad idea,” he said, when asked about legislation that would enable the Federal Reserve to offer banking accounts and services in coordination with the U.S. Postal Service. “I would have to work very hard for a long time to come up with a worse idea than having the government become a national bank executed through the post office,” said the two-term senator and ranking member of the Senate Banking Committee, quickly adding that he wasn’t disparaging the Postal Service or its workers. “They have a tough job to do. But even if they were the most competent, professional and best-run organization on the planet, I would not have them in the banking business. We have banks. The idea that the government is going to do

United statesPat toomeyr paSenate banking committeeUs postal serviceFederal reserveAmerican bankers associationPat toomeyஒன்றுபட்டது மாநிலங்களில்செனட் வங்கி குழுஎங்களுக்கு போஸ்டல் சேவைகூட்டாட்சியின் இருப்புஅமெரிக்கன் வங்கியாளர்கள் சங்கம்பேட் டூமி