THE BLOG
03/18/2010 05:12 am ET | Updated May 25, 2011

Arianna Explains Move Your Money On Marketplace Money (AUDIO)

Arianna made the case for Move Your Money on the radio show Marketplace Money on Friday.

Move Your Money is a project that encourages account holders at Wall Street's bailed out banks to withdraw their money and deposit it into community banks and credit unions.

Arianna explained that the goal isn't to hurt banks, but to make them accountable by eliminating the limitless government support that they've used to generate record profits and bonuses.

When Marketplace's Tess Vigeland asked if Move Your Money could make a dent in banks' bottom lines, Arianna explained why banks will take notice:

"Well, it actually makes a big difference, because the core deposits that the banks rely on, are very important to the bottom line. Just to give you an idea: This year alone, banks are expected to make $38 billion -- the big banks -- on overdraft fees." (Read the whole transcript here.)

Listen to the interview: