Time for a People’s Bank

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From the Guardian:

A coalition of unions, small businesses, charities and pressure groups begin a campaign today for a "people's bank" built on the Post Office network.

The Post Bank campaign believes the strength of the Post Office brand and its 11,500 branches should be used to create a local banking infrastructure throughout the UK. "The effect of the banking crisis means the need for a new, trusted, state-owned bank based on the Post Office network is urgent," the campaigners say.

I strongly support this campaign.