The CEO of my credit union spells out the banksters' creed - "The consumer is simply an income stream and exploiting that is the purpose"

i am still in the process of consolidating all of my finances under the umbrella of alliant credit union where i've maintained an account since spring 1995... last year, i closed my accounts at hsbc offshore and wells fargo and just cashed out and transferred a wells fargo cd...

from reuters...

David Mooney, chief executive officer of Alliant Credit Union in Chicago, one of the nation's larger credit unions, used to work at one of Wall Street's top banks, JPMorgan Chase. There's a vast cultural gap between Wall Street and his new world, he says: Old friends from the Street, he says, now jokingly refer to him as a "socialist." A credit union is supposed to be run in the interests of all members, he says, while commercial bankers tend to see consumers as customers who can be "exploited" by layering on more fees.

Says Mooney: "I don't say this lightly, but the consumer is simply an income stream and exploiting that is the purpose of the banking organization."

isn't it amazing that going to work for an organization that's dedicated to working for the common good of its customers is to risk being labeled a "socialist"...? i don't consider "socialist" an epithet but, in the context of today, for a large majority of people, it's certainly meant as a slur...

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