BrainKing - Discussion boards (Politics)

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Politics

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2. March 2009, 04:27:57

Papa Zoom

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Subject: Re:

Bernice:I just found out that my credit union, who has been giving legitimate loans and has a healthy reserve of money, is in an insurance co-op as a result of other financial institutions and their bad loand, my bank is charged (hundreds of thousands) to help with the costs. It's the way things are. But it's sad that a responsible lending institution has to suffer because others gave bad loans and are now in trouble.