Move Your Money: A New Year’s Resolution

Posted by Trish Riley, December 31, 2009

Here is a great idea to help create an economically healthier 2010 for our local communities… from Arianna Huffington:

“…why don’t we take our money out of these big banks and put them into community banks? …what would happen if lots of people around America decided to do the same thing? Our money has been used to make the system worse — what if we used it to make the system better?

The 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.

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.

JP Morgan/Chase, Citi, Wells Fargo, and Bank of America may be “too big to fail” — but they are not too big to feel the impact of hundreds of thousands of people taking action to change a broken financial and political system. Let them gamble with their own money, not yours. Let’s turn big banks into smaller banks. We’ll all be better off — and safer — as a result.

Make it your New Year’s resolution to move your money. We can’t think of a better way to start 2010.”

PASS THIS ON TO HELP MAKE IT WORK:  www.moveyourmoney.info

via Arianna Huffington: Move Your Money: A New Year’s Resolution.