A Fitting Financial Planning Reply to Sub-Prime Rogues (Part 1)
Any fruitful discussion on financial planning must start with your domain of dissatisfaction. Click away if you are financially secure, or even perhaps one of the bankers directly involved in sub-prime shenanigans, because we would not like to waste your Internet time. Our purpose here is to extend helping hands to those who read about stock market success, but are not invited to the party. How can big business work for ordinary folk, and do the thinks they teach you in Ivy League Business Schools work outside Board rooms and plush corner offices? Do not take our word about the credit union miracle of Ontario, because it is a delightful place for your next vacation anyway!
Lenders Must Engage Borrowers for Genuine Financial Planning
Credit unions are nearly as old as the hills. Wall Street suits, Federal Reserve Chair People, and the rest of their ilk may not like to admit it, but entire generations of Americans have prospered under the pioneering and honest days of banking. What makes Ontario special is that it proves that credit unions can work even in the quagmire of 21st century sub-prime banking. It is a simple matter of keeping customer interests front and center. Another benefit of the credit union regime is that it discriminates in favor of small business owners.
It pays to revisit the fundamentals of segmentation and networking in order to see the credit union versus large financial institution in objective light. There is a convention in the United States of the services of Chair People of the Federal Reserve being highly sought at extravagant consultancy rates, by speculative stock trading quarters. This is supported by sponsored Political Action Committees in favor of Presidential candidates, especially of the corporate lawyer variety. Finally, who does not know about the lobbies in Washington, and in whose favor these caucuses work?