Our financial institutions have not served the American people well.
Their excesses, abuses, shady transactions, speculative and irresponsible speculation have caused America and the 99% of its people a great deal of harm and misery. What seems to be a catch-22 situation where we almost don’t have much of a choice but to do our banking in the traditional way and bite the bullet by accepting the terms these banks force on us…may also offer us an alternative.
Here is one idea I would like to throw out there so that people begin to think in creative ways to beat the unfair banking system: Why can’t we create a publicly owned, ethical and fair financial enterprise much like a credit union that would offer the same services as banks but would not abuse and take advantage of customers?
When there is a fire you have several options; a fire can be put out by pouring water on it or the other option is just to let it burn itself out. But there is a third one, and it is to deprive it of oxygen. This is precisely what I propose; because if millions of Americans abandon the traditional banking institutions and go to one that is publicly owned then these big banks will either close their doors or begin to compete in a fair marketplace.
I am by no means an expert in banking matters but I have been burned a few times by the unethical practices of banks. I have had to abide by their harsh and unforgiving policies and ended up giving them a lot of my money. I also fell victim to the Wall Street Ponzi schemes and lost my pension, so that if I sound bitter it is because I am. I think that if my retirement investment had been in a publicly owned institution it would not have suffered the fate it did.
AMERICAN OCCUPY WALL STREET OWNED MIGHTY ENTERPRISES
AOWSOME
Bank of the people by the people
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