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 [...]