Alternatives to banks
Sometime ago the Governor of the Bank of England said that we need some alternatives to banks. He is right and they exist, they are called Credit Unions and they are owned by their members. Many of them, like the one I am involved with, http://www.kettscreditunion.org.uk/, are local and have local collection points.
They help everyone because they are local and try to keep their roots in the community. If you consider our big banks like Barclays, which was once local to East Anglia, is now run by an American who just wants to make as much money as he can for himself. Of course he opposes the Vickers report, it might reduce his salary and profits. He probably thinks having to pay 50% tax is outrageous but sincehe does it by gambling with other peoples money it seems quite low to me.
So get along to your nearest credit union, http://www.findacreditunion.com/, join get involved and help.
They help everyone because they are local and try to keep their roots in the community. If you consider our big banks like Barclays, which was once local to East Anglia, is now run by an American who just wants to make as much money as he can for himself. Of course he opposes the Vickers report, it might reduce his salary and profits. He probably thinks having to pay 50% tax is outrageous but sincehe does it by gambling with other peoples money it seems quite low to me.
So get along to your nearest credit union, http://www.findacreditunion.com/, join get involved and help.
Labels: Banks and loans
posted by Unknown at
3:59 PM
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