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View Diary: San Jose: Millions Withdrawn from Bank of America and Wells Fargo! (288 comments)

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  •  question: I've located a close-by credit union (1+ / 0-)
    Recommended by:
    Senor Unoball

    and checked its assets. Went to Open Secrets -- they didn't do much lobbying (none in 2010, $20,000 in 2009) but I can't tell from the info on Open Secrets where they stood on the issue -- the bill was S896 -- Helping Families Save Their Homes Act of 2009. I'm sure I can get info on the bill, but that doesn't help me since I don't know which way this credit union was pushing.
    Any ideas about this (before I change my money over to them?).

    If, in our efforts to win, we become as dishonest as our opponents on the right, we don't deserve to triumph.

    by Tamar on Thu Oct 13, 2011 at 10:46:20 AM PDT

    [ Parent ]

    •  Here's some info (0+ / 0-)

      The act was approved by the House and Senate, and signed into law by President Obama on May 20, 2009.

      Wikipedia article is here.

      Details on Senate action is here.

      Senate passed it 91 Ayes, 5 Nays, 3 Present/Not Voting.

      Details on House action is here.

      House approved it 234 Ayes, 191 Nays, 7 Present/Not Voting.

      Perhaps this'll help figure out how your credit union lobbied on the matter.

      "I mean, it -- I mean -- and I tell somebody, I said, just because you have a group of scientists that have stood up and said here is the fact, Galileo got outvoted for a spell." -- Rick Perry, 9/7/11

      by Senor Unoball on Thu Oct 13, 2011 at 11:01:39 AM PDT

      [ Parent ]

      •  I don't know how they lobbied -- but the bill (2+ / 0-)
        Recommended by:
        Senor Unoball, Odysseus

        was obviously a shoe-in.
        I just read a wikipedia article on the CU and am less thrilled about moving my money there.  In 2006 they tried to convert it to a bank (mutual savings bank) and there was a rebellion in the membership (and criticism from the NCUA -- National Credit Union Association) with accusations that insiders would profit from this conversion.
        Eventually this credit union gave up on their conversion attempt but they went after a former president of their board who publicly spoke against the conversion and barred the member who led a petition drive from using the credit union.
        The article says the board was recalled, but some of the retribution happened after that and I can't tell if the current board is a good group that's replaced a bad group, or new but equally bad.
        We're not eligible to join the other convenient credit union -- so I'm not sure what I'm going to do.

        If, in our efforts to win, we become as dishonest as our opponents on the right, we don't deserve to triumph.

        by Tamar on Thu Oct 13, 2011 at 11:14:40 AM PDT

        [ Parent ]

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