Huffpost Business

Featuring fresh takes and real-time analysis from HuffPost's signature lineup of contributors

Craig Newmark Headshot

Move Your Money

Posted: Updated:

The Move Your Money campaign is a really big deal.

The idea is simple: regular Americans can do their part to shift power from Wall Street to Main Street by moving their money from the Big Six banks and into a smaller, local, community bank or credit union that is more likely to treat them like people.

The big banks do over 97 percent of the risky derivatives business, and took trillions in taxpayer money, only to return to bad behavior.

The added upside: the money is more likely to be reinvested in local communities rather than taken as profit.