April 10, 2006


  • Every day we look more and more like a bank. Soon the majority of our members will be "bank oriented" customers. If you believe in democracy, then we will all convert to that which the the future majority will support and feel comfortable with, a bank. We need regulatory relief but if we get what we want we will look just like a bank. The future is clear. The congress will want one set of regulations for all and with it the congress will increase tax revenues. The congress loves tax revenues.
  • The reason ING is so successful is that they cater to the consumer who believes financial services are a commodity. Credit unions will get killed if they try to compete with banks on that playing field.