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Populism IV


Repost from the Huffington Post: New Mexico House Votes 65-0 To Move State’s Money To Credit Unions, Community Banks

~~~ “New Mexico’s House of Representatives voted Monday to pass a bill that allows the state to move $2 billion – $5 billion of state funds to credit unions and small banks.

The municipal funds bill was approved 65-0 (roll call – PDF), and is subject to a vote by New Mexico’s Senate. Governor Bill Richardson told the bill’s sponsor that he supports the legislation.

Credit Union Times
, spoke to one banker who believes that the bill got a boost from Huffington Post’s Move Your Money campaign…” ~~~

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