Almost eight years ago to the day, the financial giant Lehman Brothers filed for bankruptcy. What has changed in our economy since? After the September 15, 2008 declaration of bankruptcy we had major job losses – some of which we’ve bounced back from. But the fundamentals – an economy of, by and for the richest 1% – have stayed the same.
The banksters at the top gambled and lost, and the rest of us paid for it.
To change the fundamentals and stop the reckless behavior that got us into this mess, we need a democratic and cooperative economy. When communities and workers create wealth, they should decide how that wealth is used – not some shareholder or fatcat. We are doing a part to make this happen here in Harambee and Riverwest. That is why this effort is so important – opening this new credit union will be a statement to the banksters, Wall Street, and the richest 1% that we are fed up!