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The World’s Bank: How Crowdfunding is Disrupting Old Banking

According to Biz2Credit, an online devoted to small business funding, big banks currently reject more than 8 out of 10 loan applicants, and small banks reject 5 out of 10. Some estimates suggest that investment in small businesses has dropped as much as 44 percent since the Great Recession in 2008. That's tens of billions of dollars that fueled the economy and helped our communities thrive – gone, completely eviscerated. Meanwhile, twenty-one million people are underemployed or unemployed....

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The Fed Is The Great Deceiver — Paul Craig Roberts and Dave Kranzler

The Great Deceiver — The Federal Reserve

Paul Craig Roberts and Dave Kranzler

Is the Fed "tapering"? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.  Read the entire article here.  Learn more about Dr. Paul Craig Roberts here.

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Hoenig: Wall Street Banks "Excessively Leveraged" at 22 to 1 Ratios

By Pam Martens: May 9, 2014

This past Wednesday, Thomas Hoenig, the Vice Chairman of the FDIC and former President of the Federal Reserve Bank of Kansas City, gave a presentation to the Boston Economic Club warning that Dodd-Frank has not put an end to taxpayer bailouts. Hoenig explained why in plain-spoken language the average person can absorb.

Read the entire article here.

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Organized Labor, Public Banks and the Grassroots: Keys to a Worker-Owned Economy

Worker-owned cooperatives build economic democracy, but how do we build more worker-owned cooperatives? Here are three valuable allies to help us get there.

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Bank of N.D. posts $94M profit for 10th-straight record year

Bank of N.D. posts $94M profit for 10th-straight record year

"The bank financed 309 business and industrial projects last year while partnering with local financial institutions. It also expanded two loan programs to encourage the startup and expansion of childcare facilities...Established by the Legislature in 1919, the Bank of North Dakota is the nation's only state-owned bank. About 40 percent of the its lending is commercial loans, followed by student loans at 32 percent, residential loans at 18 percent and agricultural loans at 10 percent."

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