Segments in this Video

Introductions (04:55)


Hazel Henderson introduces the program and her guest, Mary Houghton, who talks about the role of Shore Bank in servicing red-lined neighborhoods in Chicago.

A Powerful Model (02:07)

Houghton cites the influence on investors of a regulated bank example in a neighborhood. After ten slow years of accommodation, the bank took off.

Confronting Pay Day Lending (02:30)

Houghton talks about how technology has removed much of the cost of traditional banking. Programs from Financial Services Innovation research help underserved people avoid predatory lending.

Consumer Protection Agency (02:48)

The ten biggest banks hold 75% of all US deposits. Customer service is no longer the focus. Henderson and guest discuss the Consumer Protection Agency championed by Senator Elizabeth Warren.

Cell Phone Banking (02:28)

As cell phone banking and microfinance lending spread in Africa, Asia and Latin America, the US lags in this efficient and less costly service to the underserved community.

Crowdfunding (03:34)

While crowdfunding is taking off, only California allows crowd-investing. Henderson discusses proposals of former head of FDIC, Sheila Bair, in her new book, but regrets the influence of Wall Street on possible change.

Power of Depositors (02:37)

Henderson discusses non-profit credit unions and the public banking option like the Bank of North Dakota that did not go to Wall Street to invest. Houghton hopes this model will influence the commercial banks.

Glass-Steagall Separation of Bank Functions (01:52)

A return to Glass-Steagall would encourage banks to serve the community rather than extract wealth for shareholders. New community development organizations address the needed reforms.

Cooperation Needed (01:45)

Non-profit community development financial institutions and credit unions address different needs but could work together more, cooperating for the good of the community.

Credits: Banking for the Common Good: Ethical Markets 5 (01:23)

Credits: Banking for the Common Good: Ethical Markets 5

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Banking for the Common Good: Ethical Markets 5

Part of the Series : Ethical Markets 5: Transforming Finance 3.0
DVD (Chaptered) Price: $99.95
DVD + 3-Year Streaming Price: $149.93
3-Year Streaming Price: $99.95



In this program, Hazel Henderson discusses the quiet revolution in banking with veteran founder of ShoreBank, Mary Houghton. The shift is away from too-big-to-fail banks still not called to account for the financial crash of 2007–2008. While they are still hobbling future prosperity, there is a shift toward credit unions, community development funds, crowdfunding, and reviving publicly-owned state and municipal banks like the 100 year success of the Bank of North Dakota. Part of the series Ethical Markets 5: Transforming Finance 3.0. (26 minutes)

Length: 27 minutes

Item#: BVL58389

ISBN: 978-0-81609-959-7

Copyright date: ©2013

Closed Captioned

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