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Congress created the credit union charter in 1934 to establish small, local, mutual associations of “people of small means seeking to protect themselves from high rate money lenders.” A lot has changed in the intervening seventy years, including the transformation of many formerly mutual organizations into stock-issuing corporations, and the...
Should credit unions be able to choose to convert to mutual savings banks and change their charter accordingly, if they think that would be better?
How many times have you heard Barack Obama talk about "investing" in education? Quite a few, if you've been listening to the president at all.In fact Americans have been investing more and more in education over the years, led by presidents Democratic and Republican. But it's become glaringly...
On Feb. 15, Leslie Moonves, the brilliant CEO of CBS, gave a piece of good news to investors — there would be an addition to the bottom line in 2012 of about $190 million, thanks to huge spending on political commercials coming into the network and its owned and operated...
In case you missed it: in a recent piece, mortgage finance and housing expert Edward Pinto writes that the 30-years mortgage could well be the cause of a new housing bubble.
In Egypt and Tunisia, the unions are at their most influential position in decades.
Is it really ethical for public unions, who's salary comes from tax payers, to contribute to political campaigns?




