The Post Office Bank

I am wondering if I have been living in a parallel universe, where everything that is a new idea here has been tried already.

How can it be that a Post Office Bank is a fantastic new idea, the old post office Giro Bank book I have has entries of me paying in my hard earned £1 pocket money in the early 70's. Has the whole country gone gaga and decided to follow the government trend of announcing old things as new to look good.

An article about the "people's bank" (that is what it would be named) suggested that it would be good for small businesses and also "for the 3 million people in the UK who can not get credit".
No No No, hold on there! The Post Office Bank is to lend money to people who are a credit risk? Isn't this exactly why we are in this mess, because banks lent money to drongo twits who didn't pay the money back.

A better announcement would be that loan sharks are to be employed to run the countries banks.
It would stop any future banking crash if the low life, sorry I mean sub prime borrowers, knew the bank manager would be round to break their legs if they spent the repayment on vodka and fags, they would darn well keep up payment then.

A local post office bank would certainly be useful then, its hard to walk far in a leg cast.