Maryland Legislature Considers 'Move Your Money' Approach To State Business

Baltimore Sun:

The Maryland General Assembly is considering legislation that would essentially give state-chartered banks an edge when bidding to serve state agencies or local governments.

Del. Bill Frick, a Montgomery County Democrat who sponsored the legislation, says he's been frustrated watching giant out-of-state banks gouge Marylanders with high fees and rate increases.

Read the whole story: Baltimore Sun

Comments

[Zen0469]

05:11 PM on 03/08/2010

We are grateful that this issue has been raised and we are in the process of moving all personal funds to local credit unions.

We hope that each state will follow suit with the large pools of funds that they control. State actions as well as the collective action by many individuals should get the attention of the too-big-to-fail institutions.

[rlp-politcal]

03:53 PM on 03/08/2010

Please do it and set the example... but watch out most of your peers are getting money from the very people you are talking about...

www.thePeoplesLink.com

[Freenation]

03:46 PM on 03/08/2010

good decision...

[Danny Sherwood]

03:14 PM on 03/08/2010

This is a great step. Now only New York State would follow...

[lightningbolt]

02:30 PM on 03/08/2010

This is a great idea. Every state should do the same. We must pull the rug out from under the banks.

[drkazmd65]

02:01 PM on 03/08/2010

As a Maryland resident and taxpayer,.... Good! About time,...

[mrspiffy]

12:01 PM on 03/08/2010

It would solidify the message.

http://yieldpig.blogspot.com/