In following a few of the comments on the blog, it's interesting to see several folks start to focus solely on issues such as fractious internal HR policies, personal pay disparities, and job security. All are important concerns to the individual, but are issues that exist in every organization. Think it's called human nature; we're just like that, aren't we - whether we admit it or not.
On a deeper level though, it's easy to recognize that much of the growing unhappiness is proof of the erosion of trust, the lack of transparency, and the stumble, bumble mis-leadership by senior management (centralizing collections, skyrocketing head count, "confidential" surveys!) and "this" SECU Board (the no "formal" proposal proposal, "don't know anything about open membership", unlimited budget guys and gals!). Guess this may call for another mega-buck, C-suite shaman position - Senior Executive for Transformational Staff & Member Dis-Engagememt. Given the current environment, it will require a full-time+ position; job security should be infinite.
✔ But that's not what we're here to talk about. Many of the commenters have asked: "What can we do about "this"?" Well first, don't you think it might be helpful to consider what "this" is all about?
Since it is the weekend, would ask you to do a little homework and watch the award winning documentary - "Inside Job". If you'd like to take a preliminary look, here's the trailer [link to "Inside Job" trailer]. The movie deals with the global financial collapse of 2010 - it was a very, very expensive close call!
Why watch this movie "Inside Job":
- If you're under 35 years old, you probably don't know about "this".
- If you are over 35, you probably don't know about "this".
- You will be stunned by what occurred in the banking world and who was involved.
- You will be horrified that those responsible were not held accountable.
- You should be fearful that "nothing has changed".
After you watch the movie consider "this". In the U.S. credit union industry, the 2010 financial collapse was called Wescorp.
Wescorp failed in 2010 costing U.S. credit unions @ $6 billion in losses - the largest loss ever incurred by credit unions, then or now. SECU represents about 2% of all U.S. credit union assets.
The direct loss to SECU, and you as a member, from the Wescorp financial collapse was @ $120 million.
😕 Consider "this"...and have a nice weekend!
... "Look forward" to your comments?!?!
You can watch "Inside Job" on YouTube for no charge with commercials.
ReplyDeleteInside Job is a great Documentary. The Big Short and Margin Call have the Hollywood spin but still entertaining.
ReplyDeleteWe need to get a sequel because that’s what these CEO’s, including Hayes, are doing now globally!
ReplyDeleteThe Haze regime definitely puts the "CULT" in Culture.
ReplyDeleteSo let me get this straight. Mr. Hayes was CFO (Chief Financial Officer) at Wescorp when they have the biggest meltdown in credit union history! And on top of THAT Wescorp has cost the members of SECU $120 million based on bad investments overseen by their CFO, Mr. Hayes!! And on top of THAT "this" Board vets Mr. Hayes as viable candidate, brags recently that they got the right man for the job and they KNEW about his financial...either ineptitude or malfeasance...and they STILL hired him!!! And NOW SECU's financials are deteriorating rapidly!
ReplyDelete"THIS" Board should stop making any decisions while drinking. Clearly they were not in their right mind then and are having lasting side effects now.
The Members Deserve Better (and that's an understatement!)
#GiveUsOurTiesBack (see 3/9 post)
#GiveUsOurCreditUnionBack
This guy is a magnet for controversies and they follow him. EVEN if NCUA gave him a clean chit and EVEN if the rumours at Andrews is not true, why hire a guy who's reputation is already blemished? It's not like the board had a shortage of candidates in the whole US of A. It's not like SECU is a very small local credit union in a podunk town. His hiring cannot be justified in ANY level. And 6 were in favor of him, a sullied guy? Says a lot about the board then and now.
DeleteAnd all the C-Suite new hires that look down upon the employees came running to SECU cos of one reason only. Money. Dollar BILLS.... 🤑🤑🤑
Unbelievable, had to read it twice to make sure I read it right. They knew his past and still think he’s the man for the job lol WOW
DeleteSeveral interesting articles on Hayes Wescorp days out there to find. It seems he also led their marketing and business development department for awhile and another article states he was their inhouse Examiner prior to receiving CFO title. With all that prior NCUA training and he didn't know the dirty dealings within Wescorp. He knew enough to stall the release of financial reports when Wescorp got caught, that is in print. But This Board decided he was the perfect fit for SECU.
DeleteAll this may be of no issue to This Board, but it is to the Members and Employees - Active and Retired. Concerns raised over SECU Financials not being reported timely to the membership. Never before has this happened. Or the fact he brought in a fellow Andrews employee, placed him in charge of Audit, resulting in many changes and stopped the peer review process, further weakening our audit process. Remember Annual Meeting 2022- SECU has never been fined for misconduct at least to date. Watching for that 86 year record to be broken, but hoping not. And the biggy, SECU Administration in a WRAL release stated the costs our Members will be paying for Hayes and This Board's new NCR endeavor will not be disclosed. Members have the right to know how much of their money is being spent and where, after all it is Their money.
In reply to 6:04 comment. Yeah, I keep going back to Bob Brinson's statement that Hayes stood out because he wasn't planning on bringing an entourage of employees with him and was so impressed with SECU as it was. Seriously, day one he started putting down our organization and our people. And then came the entourage and it hasn't stopped. I don't even want to think of how much of the members' money has been wanted on salaries and benefits of his new Executive hires. Every single thing they have tried, has failed And Mr Brinson, all areas of our credit union is in decline because This Board believed him.
DeleteSECU doesn't just have an unfit CEO, they obviously have some unfit Directors. Hurts to see such a great institution going through this, I feel for the members and employees.
DeleteWRAL Tech Wire May 12, 2023 -
Delete"SECU said the contract value is confidential and it won’t affect employment. The credit union hasn’t hired NCR previously."
Interesting, Exactly who determines what is considered "Confidential" in a Member Owned credit union? And why the "it won't affect employment" statement."
I guess this Board, Hayes and Brady are making these determinations. It's a shame they didn't place that much value on their employees' confidential survey responses. Very concerned they will not place that much value on our voting process either. Totally understand the distrust SECU staff have for these people. We need to get some folks we can trust back in these positions at our credit union.
BOD will stand beside him and they will never admit fault, simple as that. #1 rule of politics… deflect and deny. But you’re right, not one thing that’s been implemented has stuck and proven to benefit ANYONE. Very suspicious they won’t disclose the NCR agreement
DeleteHayes must be laughing his head off at the gullible "this Board" that hired him. Already cost SECU $120 million in the WesCorp scandal--wonder how much he personally walked off with after he contributed to wrecking Wescorp? and now Hayes, Leigh, and "this Board" are dismantling the premier credit union in the nation ---the one that looked after all its members because there is a common bond. Didn't discriminate against you because you weren't elite---like the entire "this Board" who pretends their New/New is doing the organization good-- Bringing it out of the dark ages of 1983. tired of hearing "80% of members are not state employees." as a justification for open field of membership. Maybe they are not current state employees but worked there sometime, or their momma did, or they retired, or their daddy worked for the state. It would be difficult to find a member who could NOT tell you how they joined SECU. It is a common bond.
ReplyDeleteI can’t say if he’s laughing or not, but I surely am… he ACTUALLY thinks he was the most qualified for the job, despite MANY internal candidates who were obvious picks. Now that right there is funny. I’m embarrassed for the guy every time we get a selfie, he thinks he’s hip but he’s so out of touch with this place
DeleteHe literally is a narcissist. He doesn’t realize the only reason people hold their tongue back in person is because they need their job. He hides behind his title because he is weak without it. If he didn’t have that title, he would have a black eye and not be working here. That’s for sure.
DeleteWhat is it with the dang selfies? We know what your a$$ looks like. We don't need a reminder of who is ruining this credit union. Maybe print them out and throw darts at it?
DeleteI just wait for the day that they change our desktop backgrounds to a picture of him….
Delete"What is it with the dang selfies?" Obviously, someone who can take selfies and post them on social media must be tech savvy, right? ;)
DeleteDear Jim Hayes and company, quit purposefully having our systems crash in the most obvious way. We are trying to do our work. We know what you are doing.
ReplyDelete#BringFineseeBack #HR&BLOCKGOTITWRONG
DeleteAny reason they would purposely do that?
DeleteAt this point, I believe they just want SECU to tank and for our services to appear poor so they can outsource our calls.
DeleteIf a member causes SECU a $120 loss, we require them to close out their accounts and they are subsequently ineligible for any of our services.
ReplyDeleteIf they cause SECU a $120 million dollar loss, we hire them as CEO.
Brilliant.
The way that employees are describing being treated at the "New/New" SECU is the canary in the coal mine, as another comment said. Remember, all employees are also members.
ReplyDeleteIn the last 18 months, employees have been bullied (eg. town hall), lied to (eg. "confidential" survey), and disregarded (new schedules forced on the contact center, outsourcing). Trust us employees when we say you are next. Wait, you don't need to take our word for it. You'll be reminded every time you pay 11% on your car loan. But that's only the start. There's more to come from your "New/New" SECU where we're here to serve "Me/Me"!
Service is now Serve Us ..... There is a difference!
DeleteIf you're for real, quit whining and watch the Inside Job documentary.
ReplyDeleteIf you don't invest the time to watch it, then STFU! You're part of the bigger problem.
Sorry, but it's put up or shut up time for SECU employees and members.
Player or just self-serving BS'er? Out front, on it, or mouth, mouth, mouth?
Amen! We are fighting for more than just SECU. Workers do not have it good at Wells Fargo, Truist, BOA, Allegacy, etc. Just ask the Amazon deliever boys when you get your next package how great their CEO is when they can’t even stop to use the bathroom on the job.This is one of the last worker friendly environments. On top of that, it’s member owned. We use to control our own labor and paths. Now it’s competition amongst employees fighting for positions. Do you really want to become them? Do you really want to experience job pressure day to day for years? Do you want to become another place that gets burnt by another CEO that promised great changes etc only to sell you out and outsource your labor or to lay you offf because you don’t fit his idea of an employee.. If you want to become Bank of America, well I hope you have high blood pressure medicine and don’t enjoy time with family. Lot on the line here folks. Not even trying to blow smoke up Jim Blaine’s or Mike lords butt. It’s just rare you have a workplace as good as secu had. A place where you essentially controlled your own labor and destiny and had job security. You were taken care of and treated right. Sure pay wasn’t top notch like Bank of America, but that’s not why we work here. We worked here because the higher ups appreciated us and knew where we came from. The CEO was no different than the teller or the member walking in the door. We don’t have that now.
DeleteThe CEO was no different than the teller or the member walking in the door. So true. Though I worked in the same building as Mr.Blaine and had run into him in the parking lot umpteen times over the years, I did not realize that he was our CEO forever. He was like us walking around being friendly with everyone, doing his own job and pulling no punches. Same with Mr Lord. Very low key, did his job, no entourage or hangers-on, just going about his business.
DeleteHave never received any fancy talks with no substance, stringing words for the sake of hearing their own voice and no time wasting emails spouting advice all the time - from either of them. And when we did see their names, we paid attention and were eager to read what they had to share.
Now it's too loud and noisy that employees (old & new) are always on mute though they don't admit to it.
And that’s exactly why they are throwing billions at technology. They no longer want tellers. They want ITMs. They want self service kiosks that eliminates the need for employees. That’s one of the many goals. To weaken the workforce by specializing them and stripping them of their licenses. He wanted to eliminate our skill set so he could cap our pay. He was hoping employees wouldn’t see the truth before he rolled out this automation. He was hoping you would start asking questions when ITMs and AI were already implemented, so when you complained about mistreatment they can tell you to hit the door because they have enough self serving kiosks along with a few hands in each branch enough to get the job done while paying less employees. Jack of all trades strengthened your skill set and secured your labor. That’s why it was done previously. To build a working community in finance. Not we have a compartmentalization of work here and nobody knows what’s going on. That’s exactly how he wants it. Once legacy are gone, you’ll just have a divided work staff like any other lame corporation. SECU probably had drama here and there prior to Hayes, but structurally the company built it for the employee to succeed amongst each other. What we have now…does this look like it’s going to be built for the employee to succeed? I think you know the answer to that. He has caused nothing but chaos, divisiveness, and made a mockery out of the greatest financial institution in the country. Yes it is the best! We don’t need a shake up! Go ask around and see how employees like working at the other banks and credit unions…you won’t like the answer. It’s industry standard and that’s what he is wanting to bring here. Industry standard working conditions. Not just industry standard rates on loans…
DeleteHayes was probably caught off guard when he first arrived here. The board didn’t quite understand the culture prior to Hayes so he more than likely wasn’t informed well about the SECU workforce and how it was ran. There isn’t many places that are in fairness. That’s a huge reason he is in over his head and why he attempted to make change so quickly. Remember when he said “I’ll take the hand off the wheel for a while and get a feel for things”. That didn’t last, but a couple of days. He probably did a little tour and realized…wow…this place actually favors and treats their workforce…goood. And that’s why you got the rapid change you got, he could not let it ride the way it was. Step 1: Undress the culture. Taking away their suit and tie. Step 2: Centralize the employees. Step 3: Specialize the employees. Reduce their skill set. Step 4. Start to implement cultural changes..getting you use to the new norm and hoping you forget what you once had. Step 5. Changes in our financial products and policy. Step 6. Weed out the remains of the prior the culture through layoffs, bullying, intimidation tactics etc. step 7. You have full control of the workforce at this point. Step 8. Implement AI and ITM. Step 9 Reduce staff that coincide with technology capabilities and enrich their pockets even more. Step 10 membership for all! Step 11 Business Lending! Hooray! Step 12 Regional Banking, Gobble up a couple of small credit unions. See how easy it is to become like the rest? It’s been done before, folks. It’s called a corporate takeover.
DeleteHostile takeover ....
DeleteThe best part of that documentary was when Larry Summers accused the International Monetary Fund chief economist who correctly warned of potential financial catastrophe of being a Luddite. The "1983 Legacy" crew can relate.
ReplyDelete"At the end of the day, the poorest, as always, pay the most."
ReplyDeleteAs it has been since civilization started.
DeleteLet’s just say for the tin foil hatters out there. George Soros and Jim Hayes aren’t too different! Watch the film
ReplyDeleteGuess what folks: SECUs books are getting cooked! This film should make it obvious SECU is following similar activity as some of these banks. And don’t look for your government to save you because guess what they like money too!
ReplyDeleteJim Hayes is setting up SECU for failure for a future economic crisis that him and his fellow banker buddies more than likely know about. Something that could change the financial sector for years to come and he is rushing these changes to cash out, enrich his friends and sell out or burn(figuratively) SECU to the ground. Watch the film. This happens all the time
ReplyDeleteSo is Hayes is making Risky security investments and betting against them knowing they will fail?
ReplyDeleteLook on page 24 Note 2 of the 2022 financial report. How did SECU invest "surplus funds" in the past? Never anything but US Treasury Bonds prior to Hayes. But lookie there! Mortgage Backed Securities and Commercial Mortgage Backed Securities!!!!!! Wonder which one of Hayes friends talked "this Board" into playing in those leagues? Inside Job should remind EVERYONE--"This Board" included-- of how frightening those are. and was there some payback in it? Just asking as this blog says....
Deletewhere can you find this 2022 financial report? This is beyond dangerous and we should be shining a bright, white light on this!
DeleteWell we are fooked. Clearly using the same playbook as he did at WesCorp and doing the SAME EXACT ACTIVITY as the multinational bankers do in this film as far as the investing in risky securities practice goes. Imagine what else goes on that doesn’t get brought into light that isn’t reported on financial reports? What goes on behind closed doors? Members would LOVE to know as well as “your” employees.
Deletehttps://www.ncsecu.org/Publications/AnnualMeetingandReport.html
Deletehttps://www.ncsecu.org/PDF/Annual/AR_2022AuditedFinancialStatement.pdf see page 24
DeleteThanks for sharing the link....still hard to believe, even when seeing it
Deletewith my own eyes.
I wonder how many boats haze and company have bought with our members money? I wonder what Carl seabrook is having them write it under for our expenses? “SECU fun money” should be more accurate than business expenses, Mr. Seabrook.
ReplyDeleteHayes tanked WesCorp and made a lot of money off of it. Got off Scott free. That won’t happen this time. Call it out before it happens. You’ve been exposed, Hayes. More and more each day. This blog will be here and will haunt you. Karma has a way of coming around.
ReplyDeleteSo NCUA is responsible for regulating CU's, you know insuring deposits, protecting members ...etc. Since SECU is late in publishing the financial report (Red Flag for this CU anyway) is that a reason for them to become concerned/involved? Or do they just look the other way until "the Crash" and then start the blame game. You see everyone reports to someone even the CEO and BOD.
ReplyDeleteOften I wonder if THE BOD are starting to see the poor decisions and have a change of heart but feel it’s too late to turn back… and think to themselves, okay maybe we wait it out just a little bit longer; Hayes in their ear ensuring all is well… but the truth is aside from the tech advancement, EVERY other decision has been very poor and implemented POORLY
DeleteRemember Hayes was NCUA's examiner in chief at Wescorp before he got the CFO job there.
DeleteYeah, you can't convince me they weren't protecting one of their own. They didn't want their own image tarnished.
DeleteAnd NCUA gave him a clean bill of health too....
Deleteyep sounds as if it runs deep .... so we have a real problem here .... can't go to the sheriff if he's in on it ...
DeleteAnd you’ll notice in the film, firms like KPMG when they audit these banks…they’ll turn their eye away as well.
Deleteso the ONLY way to have an opportunity to start to fix this takeover, is to vote out all 11 board members whenever they come up to be voted on .... they showed their willingness to go along with all these decisions that were made without concern for the men and women that are members of their credit union.
DeleteIn reply to June 3, 2023 at 10:40 AM, the tech side of this is a disaster too. Hayes didn't know what he was doing there either, so he told Josh Bomba to have at it. No transformation yet. Lots of $$$$ wasted though. Oh, and rides in vendor's private planes.
DeleteQuote from Josh Bomba when speaking of SECU in October 2021 "We're not special". How much more do you need to hear. This was just before he pushed aside all existing management hired all of his friends from 1st Citizens.
DeleteHey NCUA, I know you read this blog as well. Do your d**n job and get this clown out of our credit union.
ReplyDeleteThey can't. The dirty "secret " is Haze is their clown. The SECU Board got snookered by NCUA rec. Blaine dig deeper here. There is plenty of dirt...and you know what floats to the top.
DeleteHint "he got off scott free".
DeleteHe got off Scott free…. Just people helping people I guess!
DeleteI still can't get over the fact that they changed it to give SVPs (and above) maximum PTO from DAY ONE. A 'regular' employee would have to give TWENTY YEARS of their lives to get the same amount of PTO that these new overpaid out-of-staters get from day one.
ReplyDeleteThe only way this could be justifiable is if you subscribe to the belief that the executives are an altogether superior "class" of worker that are just inherently more deserving than the average employee. It absolutely sickens me.
I can’t wait to the see the new financial numbers…. Will be just further proof what a disaster this administration has been… WHERE ARE THE NUMBERS?! SHOW ME THE MONEY
ReplyDeleteThe BOD essentially let a known parasite abroad to infect the whole credit union with typical BS such as DEI(they care nothing about diversity(just a front). They care nothing about equity only amongst themselves and the only inclusiveness they have shown is to include anyone that thinks like them and EXclude anyone else that doesn’t. So that silly culture officer needs to find a new job because she hasn’t done anything to make us feel inclusive and judging by the equity…its all about them and no one else! And all the lame corporations are doing the “floating holidays” and “pizza parties”. Nobody is buying this crap anymore especially this credit union. We have a brilliant workforce and you just assumed we were stupid and we would rollover….well goodluck on that! Anybody can sniff s*** and yours sure stinks to high heavens. No doubt in my mind there is illegal activity going on. #StopInvestingInRiskyMtgSecurties #WeKnowWhatYouAreDoing
ReplyDelete“Collateralized debt obligations” is also a good thing to study up on this weekend.
ReplyDeleteThese interlopers aren't here to build anything. The don't know how to do that. They outsource everything.
ReplyDeleteThey will bleed SECU dry and then move to the next job. Where will the State Employees of North Carolina be then?
To the board: stop this and stand up! Show some courage!
Just curious as to why Mr. Hayes was such a standout in the eyes of This Board and why This Board continues to stake their reputations on him? Even though Members, Employees (current and retired) have been trying to warn you of the consequences already being felt by members and employees from this one decision. Whether This Board likes it or not, his CFO position at the time of Wescorp's failure is a big deal to the average SECU Member. Just reading the comments and hearing the concern in the employee's statements on this blog, noticing a difference within my local branch, seeing services we once had taken away - all these things have gotten my attention. My accounts have been with the credit union over 25 years, I have experienced the difference between SECU and my former bank - I am not not willing to give up the personal service SECU provides. When you see a company declining in so many areas, first place you look to is the leadership. So I did some research on my own this morning. Read everything on Wescorp, understand the outrage considering our credit union had to cover some of the cost of crooked Wescorp employees and now we have a former Wescorp employee as CEO. Wanting to be open minded I decided to see what I could find on Andrews Federal Credit Union.
ReplyDeleteMy first search, gave me all I needed to know. With all the talented, trained leaders our Credit Union has invested in for so many years within SECU walls, This Board ignored them for the CEO position and chose Hayes?
See below from Google search: I asked the question how many employees does Andrews Federal Credit Union have and this is the exact copied answer:
"How many Employees does Andrews Federal Credit Union have? Andrews Federal Credit Union has 57 employees.Mar 16, 2023"
Hayes' credentials that made him SECU Board's choice above all others after a nationwide search was Wescorp and his most recent stint managing 57 people as CEO of Andrews Federal Credit Union. In 2021 at the time of Hayes hiring, I think SECU employed 6000 or more people. How do you say out of your league respectfully?
At this point, I will say Chris Ayers, you and your board members set this guy up for failure. Did you really think in 2021, SECU staff and retirees and Members would take this one lying down? Easy to see This Board's goals were to outsource our credit union's North Carolina jobs, give us Members no choice but digital and phone services and dismantle SECU piece by piece. This Board needs to immediately stop wasting our credit union money, stop taking away our services and stop allowing credit union employees to be harassed by Hayes and Brady's new hires. North Carolina State Employees will not give up their credit union and we not let 11 individuals destroy SECU.
Nobody respects Hayes. The employees have been snickering at his hapless emails since they started receiving them. Even his best bro CIO Josh Bomba made fun of them in a meeting. Something like "Jim sending his little emails". One of his FCB deputies laughed.
ReplyDeleteThere's no way Hayes can recover from that. Even if he did want to lead. But, maybe it doesn't matter when leading isn't the goal. When you're here to drain the State Employees' coffers, I guess shamelessness is a new superpower.
Yes. Everyone can totally see that Bomba thinks he is the be all and end all of the credit union. There's no Haze or anyone else in Bomba's world. Haze has never bothered to even pop into a single IT town hall meeting even via WebEx just to say hi which proves his commitment to #TeamSECU nonsense. Bomba is just waiting in the wings for his chance.
DeleteBut then 'When you're here to drain the State Employees' coffers, I guess shamelessness is a new superpower.' money is all that matters. Lots of it. And SECU does have it in billions. And these guys are magpies.
I wish I could just meet him one time so I could see if he really believes he is some walking messiah. He is the biggest joke that’s ever walked through the financial industry. I would take the Fat Cat mascot more seriously as our CEO. He has had a silver platter his whole life. Not even worth a handshake…afraid I may catch greed.
ReplyDeleteFatcat mascot. After the disastrous annual meeting last year, he sent his usual lying-outright all employee email saying everything was a success and gave a round of applause to the mascot. All the employees were speechless!!!
Delete
ReplyDeleteWhen my son started his career a few years ago, he asked me what I thought of this documentary … Inside Job. He was concerned about the issues found throughout the film.
-it is OK if everyone is doing it
-empathy is not a decision factor
-oversight doesn’t work in the real world
-the bigger, the better, no matter the consequences
-accountability lives below the Board / Executive line
-the impact of your actions doesn’t have to be justified
I told him that he should find a purpose worth supporting. Be proud of who you are and what you do. Treat everyone equally. If / when you make a mistake … correct it … learn from it. Do the right thing. Stuff I learned at the Credit Union.
What can we take away from this documentary?
I hope most folks agree that getting the Credit Union back on the right track for the membership is worth fighting for.
haze is dead man walking
ReplyDeleteI don’t believe he will get away with it this time. Everyone knows who the problem is here and it’s Jim Hayes. Hopefully he will be in handcuffs one day.
DeleteNo it is also "this Board". They hired him. They said last week they were behind him 100%. It is also Leigh. She's as out of touch as a person can be. this Board, Hayes and Leigh are dug in. Look at the new election process. They WANT to keep their job on "this Board". They have done everything possible with their team of 30 lawyers to insure that they do.Read the New/New election procedures. it's not for the faint hearted among us.
DeleteWould additionally recommend Noam Chomsky’s “Requiem for the American Dream.” It can also be viewed free on YouTube. Astonishingly, the “Ten Principles of Concentration of Wealth and Power” outlined in the documentary, also a book, nearly mirror actions occurring in our Credit Union right now. They are:
ReplyDelete1) Reduce Democracy
2) Shape Ideology
3) Redesign the Economy
4) Shift the Burden
5) Attack Solidarity
6) Run the Regulators
7) Engineer Elections
8) Keep the Rabble in Line
9) Manufacture Consent
10) Marginalize the Population
Yup. That’s mostly his playbook! Hayes, you’ve been caught! Just leave, man! You don’t belong here. You are out of your league
Deletehttps://www.facebook.com/joe.osborne.71 Look at Mr Osbourne's post of May 6. Share!!!
ReplyDelete