Saturday, November 5, 2011

It's a wonderful credit union revolt.

Credit unions -- I don't know why they didn't catch on sooner, this basic old-fashioned George Bailey notion of neighbors borrowing and lending only or primarily among neighbors, or anyway among fellow normal people for whom money is real. This basic old-fashioned conservative decision to bypass all the stratospheric funny money that got us all in such trouble...

But then, any good putting-down of a foot always comes too late. Better late than never. Obviously, today credit unions caught on.

The Woodstock Institute blog often has thoughtful commentary on credit unions. Take a look at the site tomorrow or Monday, I bet they'll have something good posted.

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