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We should be VERY CAREFUL here. The stability of the credit unions has been very strong because they are limited from taking too many chances. If a raise in the loan limit to small business is considered, it should be in small bites at a time. It can always be eased upward in steps but would be hard to bring back down once this has been done if it is done in too large of steps.
gurlsingerfan 2 years ago
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Read "The Creature from Jekyll Island" by Griffin, and "Web of Debt" by Brown, and then read "Default !!! Escaping the Debt Trap and Avoiding Bankruptcy" by Guedel, in which 2 people defaulted on over 94K of unsecured credit card debt and avoided bankruptcy and judgment and defeated a major bank's collection attorney. It can be done. Banks are stealing from us all... get out of their crooked banking system -- move your money to Credit Unions ... create and join more honest Credit Unions.
HurricaneHeidi 2 years ago