Comments on: Banking for the poor http://www.oregoncommentator.com/2008/01/22/banking-for-the-poor/ Free Minds, Free Markets, Free Booze Tue, 07 Oct 2008 16:58:41 +0000 http://wordpress.org/?v=2.3.3 By: Andy http://www.oregoncommentator.com/2008/01/22/banking-for-the-poor/#comment-97146 Andy Sat, 26 Jan 2008 03:08:33 +0000 http://www.oregoncommentator.com/2008/01/22/banking-for-the-poor/#comment-97146 The problem with the grameen bank is that it is highly politicized and received many subsidies, thereby making it not a business or bank, but a welfare office. Here's a story detailing its shortcomings, http://www.mises.org/story/2375 Does your bank make you go though the '16 decisions?' http://www.grameen-info.org/bank/the16.html The problem with the grameen bank is that it is highly politicized and received many subsidies, thereby making it not a business or bank, but a welfare office.

Here’s a story detailing its shortcomings,
http://www.mises.org/story/2375

Does your bank make you go though the ‘16 decisions?’
http://www.grameen-info.org/bank/the16.html

]]> By: Timothy http://www.oregoncommentator.com/2008/01/22/banking-for-the-poor/#comment-97053 Timothy Tue, 22 Jan 2008 22:32:34 +0000 http://www.oregoncommentator.com/2008/01/22/banking-for-the-poor/#comment-97053 The purpose of any business is to maximize shareholder value, but there are such things as non-monetary sources of utility. Having done some work recently with a local charity (mostly because my girlfriend is in the process of trying to revamp the PR/fundraising for it), I can say that he's exactly right about the difference in attitude with charities and business. The purpose of any business is to maximize shareholder value, but there are such things as non-monetary sources of utility. Having done some work recently with a local charity (mostly because my girlfriend is in the process of trying to revamp the PR/fundraising for it), I can say that he’s exactly right about the difference in attitude with charities and business.

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