Financing & Financial Services

[Editor's note: these two documents from Croatia's EBank (English translation) lay out an alternative type of financial institution for solidarity economy projects and enterprises.  While utilizing an ownership structure similar to a credit union (all customers are owner

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[Editor's note: this report by Pat Conaty and David Bollier presents an in-depth look at the how our often disparate movements might begin to work together more closely in order to create a more just, open and equitable economy.  David Bollier describes the scope of the report on Shareable:

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The debate over who lost Detroit and how to fix it rages on while Politico reports in “Break-up-the-big-banks fever hits the states” that legislators from “at least 18 states have introduced resolutions this year calling on Congress to split up banking giants by putting back in place a wall between commercial banking, taking deposits and making loans, and investment banking, the world of traders and deal-makers.” It turns out that quarantining the banksters and salvagi

The Occupy Money Co-operative is getting NY Times coverage as it works its way to actually issuing pre-paid Visa Cards. Drawing smiley-face points from their association with Occupy Wall Street and the Co-operative movement, the initiative paints a comforting picture. I find two things troubling when I go to the Occupy Money Co-op web-site.

Over 125 years ago, the Populist Movement launched a third party in the US and their most compelling platform plank was "greenbacks," the elimination of the rigid gold standard and a freeing up of the money supply. Here we are over a century later and Richard Nixon freed us from the last vestiges of Gold in forty years ago and our central Banksters have expanded the money supply at the behest of Presidents and their Bankster allies.

(EDITOR'S NOTE: In the article below Alberto Corbino gives us a view of the Solidarity Economy movement in Italy. He will be doing a lecture tour in the US this summmer. The idea is to continue discussing the subjects he reports on in the article here at universities, colleges, and centers of solidarity economic justice movements.

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Building a new economy and new wealth through democracy networks, green jobs, and an alternative financial system
40,000 moved their accounts on Bank Transfer Day, but leading up to that, 650,000 moved after Bank of America and other banks announced planned debit card fees.
Campaign Grows to Divest from "Too Big to Fail" Banks to Local Banks, Credit Unions...Saturday Nov. 5 set as "Bank Transfer Day"
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Publicly-owned banks were instrumental in funding Germany’s “economic miracle” after the devastation of World War II. Although the German public banks have been targeted in the last decade for takedown by their private competitors, the model remains a viable alternative to the private profiteering being protested on Wall Street today.
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Lower East Side People's Federal Credit Union celebrates 25th Anniversary in New York City November 3rd
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Dr. Isabel Uribe 

Ever since I first learned about Mondragon cooperatives in Dr. Christina Clamp's graduate class at Southern New Hampshire University, I have been fascinated with what black people might do with the lessons from the Mondragon experience. 

report from Credit Union National Association
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The real economy is people.
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The evolution of food and finance since the 1970s.

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