A Prophetic Presence in the Financial World

The $250 billion bailout the Treasury is pumping into banks is supposed to be for unfreezing the industry’s lending ability; however some question whether banks will use that money to serve the public good, as opposed to private self interest. Private self interest has never been an issue for credit unions because the cooperative structure devotes all of its resources to serve members.

 
 
 

 

 

Nov. 1, 2008


Comments

 
 
 
  • Great headline, but why dont you tell me how they did it. instead of what they did?
    Anonymous