Thursday, 20 August 2009

Now the financial services lifeboat hits credit unions, too

I have already railed against decent mutual building societies being called upon, through the Financial Services Compensation Scheme, to have their funds put at risk by failing banks.

Now Peter Black AM points out an even more immoral consequence of the current financial set-up: the credit unions, which we are rightly pressing on ordinary folk as a safe and legal alternative to loan sharks, could be put in the same boat as the building societies.

1 comment:

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