The Cheddar Path | A blog about economics, politics and personal finance
Nader: How Credit Unions Survived the Crash
Ralph Nader, arguably America’s most visible consumer advocate of the last few decades, wrote a great piece on CounterPunch recently detailing why credit unions seems to be faring much better than the corporate, commercial banks during this economic recession.
The opening passage is pretty insightful and summarizes the situation:
“While the reckless giant banks are shattering like [...]
BofA, The Employee Free Choice Act & Credit Unions
Recently, after receiving $25 billion in federal bailout funds, Bank of America hosted a meeting with members of the business community and conservative activists to discuss sending “large contributions” to groups trying to defeat the government’s proposed Employee Free Choice Act, which would make it easier for workers to join unions. So, Bank of America [...]