In my continuing editing pass, I've just gone over chapter 3, Credit History (.doc, .pdf)This chapter covers the deep history of financial services for the masses, a subject that is close to my heart, however little or great its practical value.One quote in the text particularly resonated on this editing pass because of events in India. It is probably from the 1910's or 1920's (I don't have the source in front of me). Alphonse Desjardins the founder of the Canadian cooperative credit movement, attacks a rival, investor-owned, for-profit model of lending to regular folks called the Morris Plan of Industrial Banking. He describes it as nothing "but a huge money-making concern devised to insure to the promoters a good business proposition, at the expense of the public.”Comments welcome, as always.
