We definitely do #1: 1. Democratize Your Money! Put your money in a credit union – then participate in its governance. Credit unions are commonplace financial institutions that typically facilitate loans for everyday purchases like homes and cars. But behind their unexciting veneer lie transformative possibilities. Unlike the large commercial and investment banks responsible for the 2008 financial crisis, credit unions are nonprofit cooperatives that are member-owned and controlled. These democratized, one-person-one-vote banks already involve more than 95 million Americans as participant-owners. They lend to minorities and low- and moderate-income families to a far greater extent than do commercial banks. Taken together, they hold roughly $1 trillion of assets — the equivalent of one of the largest US banks, knocking Goldman Sachs out of the top five.
Posted on: Fri, 27 Sep 2013 01:09:08 +0000
Trending Topics
Recently Viewed Topics
© 2015