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Well if you have no problem investing your money with a bunch of homeless folks and student loons who despise banks then feel free to start here.
Who knows if this all works out they can become the very 1% they despise!!
"The goal of this project is to encourage San Francisco residents, businesses, as well as nonprofit and city agencies to keep their money out of the big banks and to redistribute that money locally. Initial services will include micro-loans for the working poor and homeless, and subsidized student loans at low interest rates."
Who's brain storm was it to give loans to the homeless ? this sound about taking on about the same risk as the banksters there protesting. They could package the loans together and ......
The loons think the money is free apparently. As long as fellow loons fund the project they should have no arguments when the money is handed to homeless and the poor downtrodden of society and is never paid back.
Can't stand it can you? Some very possible good will come of this.
This will be interesting to watch progress if the filings go through.
Good for them!
And no they won't protest themselves, you see it isn't the CU's that are pond scum. (at this point) And obviously none of you he even read the article or have a clue what their mission is etc....typical.
It must be really sad lives for you, to have so much much hatred in your heart.
Well if you have no problem investing your money with a bunch of homeless folks and student loons who despise banks then feel free to start here.
Who knows if this all works out they can become the very 1% they despise!!
"The goal of this project is to encourage San Francisco residents, businesses, as well as nonprofit and city agencies to keep their money out of the big banks and to redistribute that money locally. Initial services will include micro-loans for the working poor and homeless, and subsidized student loans at low interest rates."
The Occupy SF protesters aren't the only ones that are considering a municipal bank.
"Simply put, it would transfer the City of San Francisco's bank accounts—about $2 billion now spread between such banks as Bank of AmericaWells Fargo & Co.—into a public bank. That bank would use small local banks to lend to the community.
Backers of the plan aren't using a reckless approach. They're proposing a three- to five-year transition period and the relocation of just $500 million initially. It would be chartered as a credit union, member-owned and insured.To keep everyone honest, small banks that get money from the credit union would be required to participate in what are called partnership loans, putting their capital next to taxpayer money, in an effort to get their skin in the game.
"It's still in the idea phase," Mr. Avalos concedes."
"The work I'm doing and Occupy is doing are parallel," Mr. Avalos says. "If we work together, we'll have more power to create change."
So lets make this clear, its just not a bunch of 20 years old with no experience and no realistic, doable blueprint of how to get things done. And mind you, the link and quotes above are coming from the Wall Street journal, of course that probably won't stop the communist accusations from being hurled by the wingnuts.
And for those that talk smack about college 20 year olds and their lack of business sense and ability, well don't tell that to Larry Page and Sergey Brin (founded Google at grad school); Bill Gates (Harvard dropout); Steve Jobs (co-founded Apple by 21); and most recently Mark Zuckerberg (launched Facebook from his dorm to boot).
Last edited by kovert; 12-05-2011 at 06:35 PM..
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I bet those would be big sellers. And maybe they can get AIG to insure them.
