I agree.
Here in the Czech Republic, if I want a mortgage, I can go to the Post Office! Seriously.
The Czech Post Office also runs a bank. They provide mortgages, too. I asked them about that in 2009.....they offer 10, 15, or 20 year mortgages, fixed rate, and you have to put down 20% of appraised value of the property. They don’t sell your mortgage, either. It stays with the Postal Bank.
I hear the USPS is going down the toilet, however. So, I doubt it would work there. The Post Office here is profitable, though, as people still receive lots and lots of good old fashioned snail mail. With your bills for instance, you have the option of auto-deduction, but for most companies here, it’s easier for them to just mail you the bill. Most companies I’ve dealt with really don’t trust the auto deduct or auto payment system, and they prefer to be paid in cash.
Hmmmm, there was once a nice little estate near Domazlice......... ;)
I wonder what Andrew Jackson would had to say about this. This is what he said in 1832:
President Jackson’s honesty and anger at the bankers should resonate today, as bankers have again brought our country to its knees.
“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.”
http://seekingalpha.com/article/125092-grand-illusion-the-federal-reserve-part-1