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KamaAina

(78,249 posts)
Tue Jul 7, 2015, 04:13 PM Jul 2015

The California County That's Leading the Way in Cutting the Banks Out of Its Economy

http://www.alternet.org/economy/california-county-thats-leading-way-cutting-banks-out-its-economy

What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime? Right now, practically nothing.

But it will if California’s Santa Cruz County has any say....

The county’s board of supervisors just voted not to do business for five years with any of the five banks felons.

The county won’t use the banks’ investment services or buy their commercial paper, and will pull its money out of the banks to the extent it can.


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The California County That's Leading the Way in Cutting the Banks Out of Its Economy (Original Post) KamaAina Jul 2015 OP
Maybe other counties will take heed. mackerel Jul 2015 #1
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