Return

I'm crafting this bank-research into a narrative and feeling a little overwhelmed. Here is a try:

I find out that my bank got bought --and this happens after my prior bank was bought out a few times. Im wary. I want to understand banks --seems the names are always changing. i have some time --want to decide the best place to put my money...and so my research starts.

Bank Consolidation:

Turns out lots of banks are consolidated for a few reasons: first is the legislation of Gramm Leach Bliley. Also there is the changing nature of global finance, which puts pressure on banks to be big, given that more money is in hedge funds.

Bad Bank Behavior:

Banks are acting very badly --doing subprime loans...they feel pressure. Is this pressure for real? They seem to be very profitable.

Undemocratic Nature of Commercial Banks:

Banks have a huge conflict with democracy --they create money. What percent of money is created by banks? by hedge funds? by fed? money creation is a big deal. can i better explain and understand the impact of that?

Where does Bank Money get Invested?

Where is my money put anyway? they keep 10% in bank assets liquid, but the rest goes where? Can i find this out? what specifically does my money go towards?

There is legislation called CRA --what is this, is it enforced?

The Issue of Interest...
Whats up with interest anyway?

So now what?
So, what are my options?

Local bank --where does your money go? What are the rates?

CDCU, self help?

franklin co credit union

wainwright

ice

Common Good

Mondragon...

I got my union on board...

but all this is limited --what do we need to do? can banks be a vehicle for change? talk to NEDAP. What kind of legislation do we need?

Review info scrolled:

reasons to not support commercial banks

worst banks

organizations/ websites

where you can put your money

legislation we need