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Move your money

Started by joiei, December 30, 2009, 11:49:20 AM

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joiei

QuoteThe idea is simple: If enough people who have money in one of the big four banks move it into smaller, more local, more traditional community banks, then collectively we, the people, will have taken a big step toward re-rigging the financial system so it becomes again the productive, stable engine for growth it's meant to be. It's neither Left nor Right -- it's populism at its best. Consider it a withdrawal tax on the big banks for the negative service they provide by consistently ignoring the public interest. It's time for Americans to move their money out of these reckless behemoths. And you don't have to worry, there is zero risk: deposit insurance is just as good at small banks -- and unlike the big banks they don't provide the toxic dividend of derivatives trading in a heads-they-win, tails-we-lose fashion.

Think of the message it will send to Wall Street -- and to the White House. That we have had enough of the high-flying, no-limits-casino banking culture that continues to dominate Wall Street and Capitol Hill. That we won't wait on Washington to act, because we know that Washington has, in fact, been a part of the problem from the start. We simply can't count on Congress to fix things. We have to do it ourselves -- and the big banks are the core of the problem. We need to return to the stable, reliable, people-oriented approach of America's community banks.

http://moveyourmoney.info/

http://us1.irabankratings.com/MoveYourMoney/IRACommunityZip.asp?affiliate=moveyourmoney&zip=74114&submit=Search

Thank goodness my band is already on this list.
It's hard being a Diamond in a rhinestone world.

rwarn17588

Quote from: joiei on December 30, 2009, 11:49:20 AM
http://moveyourmoney.info/

http://us1.irabankratings.com/MoveYourMoney/IRACommunityZip.asp?affiliate=moveyourmoney&zip=74114&submit=Search

Thank goodness my band is already on this list.

I tried that several times during the 1990s, but kept having my small banks swallowed up by big conglomerates.  :-[

I knew the bank-merger mania of the 1990s would be a bad thing in the long run. Too much money in too few hands isn't good.

Conan71

I see IBC is on the list.  I refuse to deal with the national monoliths.
"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

guido911

Someone get Hoss a pacifier.

sgrizzle

I'm using a local credit union.

Red Arrow

Several local Credit Unions as a result of a few different employers over the years.  Down to one local bank due to terrible interest rates on deposits from Bank of America, Bank of Oklahoma and Citizens Security Bank.  I pulled my money market account down to the minimum until interest rates go up, I hope.