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Reply #42: Why would the feds go after a credit union? They aren't a threat to the establishment... [View All]

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reACTIONary Donating Member (257 posts) Send PM | Profile | Ignore Sat Dec-03-11 10:57 AM
Response to Reply #3
42. Why would the feds go after a credit union? They aren't a threat to the establishment...
...they are part of the establishment. A normal, regular, everyday part of the banking industry. There have been some credit unions (recently, I'm not talking about the abuses that followed deregulation) that have engaged in some shady, illegal practices, but as long as they actually stay on the up-and-up there isn't any reason to "go after them".
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