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Old 03-30-2008   #3 (permalink)
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Re: What is Microfinance?

Bank of America began in California as the Bank of Itally. It was begun an Itallian, A. P. Giannini. He got into the banking business for the very same reason micobanking was started, only this was San Francisco 1906. He had to fight the laws established by big bankers in order to provide small loans to poor people, and it was small, poor people who caused this bank to grow to and become larger than banks in New York and London.

I think the subject of economics is important enough for its own forum, separate from all the rest. This subject is as hot as religion, only our lack of knowledge prevents us from discussing economics as much as we discuss religion. This knowledge is vital to political decisions and the Republicans candidate, McCain, announced he knows nothing about economics. That shows you how well informed his voters are. As long as this subject is lost in all others, there is little chance it will become as popular of religion, but it should be.
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