, I had read it, I just didn't respond. I have nothing against credit unions, but I don't think that they can work on a large scale. If they did, then wouldn't they be more widespread? I don't think that they can satisfy the banking needs of hedge funds and corporate customers the way that JP Morgan can. Because credit unions aren't usually for-profit corporations, there are practical limits on their size, and that limits the functions that they can perform. Also, they don't have the desire for profit, so there is little reason for them to go into impoverished places to loan money. I think that they can be a solution to commercial banking for many people in developed nations but there is still a place for the enormous corporate banks.