Fighting Bob - Banking it in

Fighting Bob - Banking it in

"Meanwhile, the Wisconsin Bankers Association has been busy as bees persuading legislators that Wisconsin will be a better place when shareholder banks take over those tight-fisted credit unions. What’s that, you ask? Why would a credit union, my credit union for example, become a bank? Are credit unions for sale? (I must check eBay.) Well, not exactly for sale but Governor Scott Walker with help from the Fitz boys slipped a provision into the budget that will make it easier for the “wise” credit union directors to “convert” a CU into a shareholder-owned bank if they feel like it. Who cares if the depositors want to convert? I am not making this up." Ed Garvey