Building/designing a bank from scratch
Banking is ripe for revolution
Banking is an errand, it's like getting groceries or going to the post office
How can I simplify the errand and deal with the emotional aspect of money
Educational about money combined with simplicity
What's the mission? Is it to enrich the bankers? Economic development? Consumer oriented?
Getting capital: Is it a need or is it a want?
Is it too paternalistic to deny loans because they're frivolous
CUs used to promote thrift and responsible money management as a core value
Decoupling educational aspects from sales and service functions
Cannot moralize money, we all make individual choices
Our job is to make sure we don't let people overextend themselves
Is people's financial well being more important than their liberties?
People's economic well being is the same as freedom
Consumer choice is the important freedom
Educating about thrift is part of financial independence
Building a financial institution is viable and flexible that takes people's personal circumstances into consideration
Is the purpose to foster a better society?
Helping members get our of debt so they have more income to spend and create wealth
The goal of a CU should be not to exist, if people are debt free, they can do interesting things with their money
Make this about freedom
Payday lending is a criminal activity because its stealing from the poor
Start at the beginning: What is the purpose of money?
Shifting the mindset: allow people to collaborate and associate to make communities better by using their money
Have we lost the common bond of our CUs?
The FI's self interests cannot supersede the needs of the members/consumer
Growth becomes the mantra, and growth covers a multitude of sins
How we define community has changed, so a common bond CU could be defined around totally different ideas of community
Create a universal set of values in financial community that are required in order to build a sustainable economy and therefore sustainable freedom
SACRIFICE
In order to have a sustainable world we have to sacrifice something
What do I have to give up to live in this world?
Broaden dramatically what is going into the accounting picture (economic, social, environmental)
FIs have to mirror the myriad of communities we associate with
Money is a social network
Change the dynamic that return on investment is the sole purpose of a bank, look at it in terms on return on liberty, democracy, freedom
Access to appropriate financial tools is a right
We need to be able to change the ay we think about our interaction with money
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