Nader’s take on the banking crisis and how credit unions have avoided it

Here is a great article by Ralph Nader which explains how, for the large part, small credit unions have been shielded from the current credit crisis. The basic premise of Nader’s argument is that credit unions have avoided financial ruin due to their not-for-profit structure that inherently avoids excessive risk and dangerous leveraging practices. It’s a quick read that is clearly written and easily digested.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s