[lbo-talk] populist eruptions

[Ben Jackson]

On 3/18/08, Doug Henwood <dhenwood at panix.com> wrote:
>
>  On Mar 17, 2008, at 6:11 PM, Shane Taylor wrote:
>
>  > Agreed, but what populist eruption would you like to
>  > see?  What wouldn't be premature?
>
>
> We're going to spend public money on this (the Fed's actions so far
>  aren't really expenditures in that sense, though they do put its
>  balance sheet at risk). So we should get something in return - a
>  better-regulated, more equitable financial system, with new
>  experimental institutions, like nonprofit and cooperative banks. And
>  on the other end, new forms of ownership, like limited equity
>  arrangements, in return for the rescue of mortgagors.

I'm late to this thread, but could you (or anyone) expand on what some
of these might look like if starting capital were available?  And how
would nonprofit and cooperative banks differ from credit unions?