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Topic: NDP no longer opposes bank mergers?
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kyall glennie
rabble-rouser
Babbler # 3940
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posted 01 April 2005 12:29 AM
the credit unions here in Saskatchewan are merging faster than you can say merge.I have found, however, that they are doing extremely good at maintaining local staff and creating very powerful financial institutions based on their collective member accounts. I hope, however, that they do not lose their socialist roots in the process. Credit unions were established becuase the banks didn't care about the poor who needed loans to do community development etc. While I haven't seen traces of that yet, and I've actually found my new Affinity credit union to be wonderful, I'm just always worried. the bigger issue is this: while we've long since abandoned nationalising the financial institutions, if we're not fighting mergers, there's going to be a lot of people out of their work.
From: Vancouver | Registered: Mar 2003
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