BUSINESS
04/11/2012 08:33 am ET

Moving City Money To Small Banks Easier Said Than Done

Rhetoric is easier than revolution, as some clunky efforts to punish big banks at the local government level have shown.

Occupy Wall Street protesters and other pro-consumer groups are pushing leaders in some liberal U.S. cities to withdraw municipal funds from big banks and deposit the money with small local banks or credit unions. Elected leaders in Austin, Texas, and Portland, Oregon, have proven receptive to those calls.

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