Friday 31 March 2017

Charlie Weston: Another fine fudge as credit unions work lobbying magic to prevent forced mergers

HOW do you make fudge? One way involves mixing together milk, sugar and butter.

The other way you can produce a fudge is to take a politically powerful credit union movement, add in a government scared of the famed lobbying ability of credit union members, and sprinkle in a dash of regulator for good measure.

Mix well, bring it to the boil and allow it to stand.

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