Bank Lobby Still Trying to Kill Credit Unions

March 31st, 2014
in Op Ed, syndication

Blind Pursuit of Profits Over Nation and Citizens

by Roger Erickson, Mike Norman Economics

It starts out as a local issue raised by one lobby.

Then it runs amok when that lobby loses sight of all other inter-dependencies, and forgets that there must be tolerance limits on everything. It's that or else we don't have a culture - only a mob.

Follow up:

Instead of blind competition, what about the return on coordination?  Hat tip to Tom Hickey:

  1. Credit Unions Regulation Supervision
  2. Banks Credit Unions
  3. Credit Unions Fight Banks over Community Charters

You want context? Consider the words of Marriner Eccles, 1932:

"The operation of our money world has failed to be our servant and instead is our tyrant and master."

"We must correct the causes of the depression rather than deal with the effects of it!"

That was 82 years ago!!! Has the US electorate lost sight of Public Purpose? Have we lost sight of national goals?

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