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You can kind of understand the logic behind the hired guns in Washington, who are charged with advancing their industry’s interests even when it may be at the expense of the consumer, the environment or their competitors. People can rationalize a lot of behavior when it comes to earning a living and supporting their families. But how do you explain an individual like Keith Leggett, the former senior economist for the American Bankers Association and self-described “leading expert on credit unions and the NCUA”? Keith has to know by now that credit unions actually improve the lives of millions of Americans by providing them access to affordable financial services in places and markets where his beloved bankers wish not to tread. Surly he knows that banks have stumbled as they seek to profit at all costs and sometimes trample the best interests of the consumers they were charged with serving. A simple Google search of bank fines and penalties, totaling $150 billion to date, should tell the story.

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