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MUST READ! Cooperative Banking: The Wave Of The Future.
Today, the massive too-big-to-fail banks are hardly doing George Bailey-style loans at all. They are not interested in community lending. They are doing their own proprietary trading - trading for their own accounts - which generally means speculating against local interests. They engage in high-frequency program trading that creams profits off the top-of-stock market trades; speculation in commodities that drives up commodity prices; leveraged buyouts with borrowed money that can result in mass layoffs and factory closures; and investment in foreign companies that compete against our local companies.
http://readersupportednews.org/opinion2/279-82/11616-focus-cooperative-banking-the-exciting-wave-of-the-future
