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Big Banks Trying To Crush Credit Unions -- But, but OWS "just fizzled"?!

Rainbow Girl's picture

By Scott Martelle, via Truthdig -- (and via Jesse's Cafe's Matieres a Reflection).

Lobbying to strip Credit Unions of nonprofit status which gives CU's an "unfair advantage." I guess that's just too much competition for JPM, City, Goldman (a "bank" for purposes of Fed Window and AIG-Backdoor Bailouts), BoFA, Wells Fargo.

This is big. And a good opening to start talking louder about a USPS (nonprofit) People's Bank.

Next time you hear someone laugh at the OWS "hippies" ask them if they care about their Credit Union. Besides so many other points that easily can be made.