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Here’s a Switch: Some Good News About Banking


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April 20, 2009 - Arianna Huffington is the co-founder and editor-in-chief of The Huffington Post, a nationally syndicated columnist, and author of twelve books. She is also co-host of “Left, Right & Center,” public radio’s popular political roundtable program. Last week, she blogged about what’s going right in the banking industry these days. Among the highlights:

  • Main Street banks – not the big players – are continuing to lend.
  • Credit unions are taking a much bigger role, and people are getting much more satisfaction from them than they did with traditional banks.
  • “Green banks” are a growing trend.
  • She also said:

    “This weekend, Frank Rich [of the New York Times] quoted an astounding statistic from the Harvard Crimson: In Harvard's class of 2007, 58 percent of the males and 43 percent of the females chose jobs in finance and consulting.

    “What would they choose if the banking world goes back to being ‘boring’? Would they invest their energies in actually making things, instead of making things up – like  collateralized-debt obligations and credit default swaps?”

    Click Here to see her answer to that question and to read more details on good trends in the banking industry.

    Share Your Thoughts

    Are you a member of a credit union? If so, what have been your experiences there in comparison to mainstream banks?

    Print Date: 2/28/2020
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