California Real Estate Fraud Report

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12
Feb

What Americans can learn from the German and Swiss banking systems

This article is not at all off topic: the nation’s banking system and how President Obama and banking interests are trying to make it impossible for consumers to bring public banking to America. Yep, when it comes to big money, Obama is no liberal: he is the hand-maiden to his masters, the big banks.

If you don’t like this, then stop complaining, pull your money out of Wells Fargo, BofA, etc. and put it into a credit union.

The difference between a bank and a credit union is simple: banks work for their investors/stockholders and their profits are often sent overseas. Credit unions work for their members (you) who are the “stockholders”) and their money is recirculated back into the local community. Again, that’s you.

Read the original article by Ellen Brown, author of Web of Debt, in Alternet.

 

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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