Credit Union Busting -The (Scott) Walker Way

MADISON, WI – Just when you think you have seen all that you can see in this outrageous budget Scott Walker is trying to pass off as legislation, out comes another version, more confusion and yet another attempt to push something through under the noses of the Democrats and the citizens of Wisconsin.

Just like many other countless citizens, I find it suspect when everything has to be pushed through, secretly, manipulatively, and with malice and forethought.

In a press release from the Wisconsin Credit Union League (WCUL) it is clear they feel the same way:

That is exactly what happened with the legislation supported by the Coalition for Credit Union Charter Options(CCUCO), an out-of-state group dedicated to eliminating the competition that credit unions—member-owned, not-for-profit financial cooperatives—provide to for-profit banks.
“The group’s claim that it’s somehow better for Wisconsin credit unions to have faster, easier path to becoming a bank is irresponsible and misleading,” said Brett Thompson, president and CEO of the Wisconsin Credit Union League, which represents Wisconsin’s 220 credit unions. “This effort to eliminate credit unions under the guise of greater operational flexibility is being driven by the banking industry, which has been trying for decades to legislate, regulate and litigate credit unions out of business.”

Especially disingenuous is the group’s claim that if a credit union becomes a bank it could make more loans, accept more deposits, and open more branches. “Never in history have banks been in favor of credit unions making more loans, accepting more deposits and opening more branches,” said Thompson. “In fact, they’ve sued credit unions and lobbied Congress and the state legislature to keep them from doing just that. This legislation has nothing to do with serving the public. It’s about just the opposite—quelling competition so banks can make even more money.”

Much more at link: http://www.politiscoop.com/component/content/article/35-last-24h-news/293-credit-union-busting-walkers-way.html

So, how is the recall campaigning moving along?

Thanks for the thread, Earth_First.

keep touting his courage. I'm sick of suffering this courageous idiot. Sick of it!