The Occupy Movement Is Launching A Money Cooperative (aka a Bank)

Forbes ^ | July 23, 2013 | Laura Shin

[GeronL]

every so often we hear about these kinds of cafe’s being started in places like Seattle, they never seem to last long

[skr]

It would be groundbreaking if Occupiers learned the realities of business.

[catnipman]

Wonder if what they come up with will essentially be an illegal bank, offering the kinds of services that require state and/or federal charters and licenses of various kinds, only they don’t obtain the necessary licenses and charters? Next I wonder if the state and feds will then proceed to ignore the fact that they are an illegal bank, being run without the necessary licenses and charters? No doubt, the kinds of people involved will think laws don’t apply to them because they are doing “good works”, that is, because they are do-gooders.

[Charles Martel]

every so often we hear about these kinds of cafe’s being started in places like Seattle, they never seem to last long

Yeah, Panera Bread recently scrapped its "pay what you can" experiment.

[GeronL]

bump

[marktwain]

By their nature, these sort of enterprises attract freeloaders.

Without external discipline, there is an infinite supply of freeloaders.

[Cementjungle]

Now perhaps I can finally cash that huge inheritance check the nice prince in Nigeria sent me.

[GeronL]

bump

[Graewoulf]

Duh, any mention of these former Commie Obama Brown Shirts mentioning anything about making a profit?

[JSDude1]

I’d rather have a debit card backed by (Gold or Silver) or other commodity, Peter Schiff talked about this, but our Capital Gain taxes prevent this in the USA! I really hate the Federal Reserve, and Congress!!