Advice for 'Occupy's Bank': Stop Being One

Founded and owned by labor unions, Amalgamated Bank is supposed to be different from other lenders.

Founded and owned by labor unions, Amalgamated Bank is supposed to be different from other lenders. It proudly recalls being the first institution to offer unsecured personal loans to "working people and their families" in 1924. Its equity index funds don't just track the S&P 500, they also engage in "aggressive shareholder activism" on behalf of "sustainable social and environmental practices." Perhaps most strikingly, Occupy Wall Street has chosen to park its savings at Amalgamated.

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