> They [...] don't touch investment banking at all Disagree all you want, but please get your facts right. Yes, La Banque Postale is technically forbidden from

> They [...] don't touch investment banking at all Disagree all you want, but please get your facts right. Yes, La Banque Postale is technically forbidden from directly speculating on the open market. However: - they can buy and own banks which are, in turn, allowed to speculate (cf. the Dexia bailout) - they offer revolving credits at extremely high rates (more than 15%), which is known to push people further into poverty - they can speculate on markets like the covered bond market (and actually need to, because the deposits are currently not enough to provide all services) - they can speculate on side-effects (eg shift by one day the payment date for social benefits) (This list is not exhaustive. If you are too clumsy to find references by yourself, just ask, I will add some.)