Level The Playing Field: Let Credit Unions Offer Same Services As Commercial Banks

"100 Million Americans Now Uses Credit Unions
Which Are Demonstrably Better Than Commercial Banks"
http://paxonbothhouses.blogspot.com/2014/08/about-100-million-americans-now-use.html

***

Dear President Obama,

I support legislation that assumes NO company is too big to fail.

Such legislation would prevent companies from becoming “too big,” so that when they fail, catastrophic side effects result.

The kind of legislation I support would insure that any corporation exceeding "too big to fail” limits be immediately sub-divided as AT&T was successfully sub-divided starting in 1974. 

http://en.wikipedia.org/wiki/Bell_System_divestiture

Despite doomsday scenarios by conservative naysayers, the breakup of AT&T was a resounding success that redounded to the benefit of everyone.  http://en.wikipedia.org/wiki/Bell_System_divestiture

Thank you for pressuring the banking industry.

Please continue to apply pressure until the job is done and NO bank (or other corporation) is too big to fail.

I would add that the nation’s Credit Unions provide better customer service and higher returns for account holders than commercial banks, while “never” getting into financial difficulty from reckless speculation and other unsound financial practices.

Although it will not happen in my lifetime, I suggest that the “credit union model” replace the commercial bank model, and – furthermore -- that corporations with a historical penchant (or manifest intent) to participate in reckless financial practices establish their own credit unions so that their own money is at stake.

No more socialized bailouts for malfeasant capitalist profiteers. 

It no longer matters that capitalist "profiteering" has been legal.

As Aquinas noted in the 13th century:  (Unjust) decrees are not so much laws as acts of violence, because, as Augustine says, "An unjust law does not seem to be a law at all." http://www.fordham.edu/halsall/source/aquinas2.asp

Or, as Augustine observed in the 5th century "Take away justice, and what are kingdoms but mighty bands of robbers "  http://www.vatican.va/holy_father/john_xxiii/encyclicals/documents/hf_j-xxiii_enc_11041963_pacem_en.html

Gratefully,

Alan Archibald