On Friday, ABC's World News Tonight reported on Move Your Money. Describing the project as a grassroots movement with growing momentum, the report explained how Move Your Money aims to change the practices of America's too-big-to-fail banks by encouraging account holders at those banks to withdraw their money and deposit it into smaller community banks or credit unions.
Arianna Huffington and Rob Johnson: Move Your Money: A New Year's Resolution
Check out this powerful new video and see why you should make it your New Year's resolution to move your money out of a "too big to fail bank" and into a community bank.
Would You Drop a Big Bank for Your Local Branch?
'Fight the Power'? Americans Move Their Money From Big to Small Banks
Web campaign boosts local banks over the big boys
'Lake Oswego to deposit $1 million in local banks'
Lake Oswego plans to deposit $1 million in local banks as part of several initiatives in coming months to spur economic development.
The funds will be transferred from accounts with Wells Fargo, which is headquartered in California, to four area banks, with preference given to those based locally.
http://www.oregonlive.com/lake-oswego/index.ssf/2010/01/lake_oswego_to_deposit_1_million_in_local_banks.html
The only way to get through to them is to attack their obscene lust for profits by closing your account.
Maybe it's back. :)
First of all I want to say Im very impressed, proud, amazed, that you stayed with your husband after he became disabled. I personally know one to many woman who bailed on their husbands after they were disabled. I think you should deserve a medal. at the very least a great big hug and congratulations for being Human and compassionate when the times get tough. Im sure your husband isnt always the idea mate, but then again, its not easy on him, and its for sure not easy on you. Congratulation , you truly are one in a million theses days.
and no matter your politics, your ideologies, or even if we never totally agree on anything ever, I will always be your number one fan. You, deserve it.
Now millions of civilian man-hours must now be spent changing banks because of it.
He went to his local bank and explained the situation to the bank president and walked out of the bank with $1000 on a handshake.
In the late '70 the bank had been taken over by Marine Midland (HSBC) and they wouldn't give him a short term loan for 2 grand even though he had substantial assets with the bank.
He pulled out all his money and took it across the street to a real local bank. Not saying that kind of think could happen today but it is a good idea to keep your money where you're known.
I have my money in a credit union, they know me by name when I walk in and even know my account numbers before I have to tell them. The only time I've ever paid overdraft fees were my own fault and it was only $5.00.
Why would anyone bank anywhere else?
1. STOP charging on your credit cards. STOP using the cards.
2. Don't use a debit card unless you know for sure, you have sufficient funds in that account.
3. Don't be late on your payments, if you owe a balance on your credit card.
4. Don't write checks unless you know for sure you have sufficient funds in that account.
That's how I play the game. And I stay on top.
First Credit Union (AZ) - called me on the phone to say "hey we are about to bounce one of your checks?!" - I was on my way to deposit the funds - they waited 1/2 hour to process the funds.
Both of these things happened in 2008.
I am firing all of the big banks in my life (I run 2 businesses plus my own life).
Sell your stocks, and move your money from the big banks to local banks and credit unions. Get your home loan from a credit union.
If Congress is going to keep scrwing Americans then don't give a dime to their campaigns and DO NOT re-elect anyone of any party for any office for the next 20 years.
Wealth Gap Is Increasing, Study Shows
The rich really are getting richer and the poor are getting poorer, a new University of Michigan study shows. Rising inequality isn't new. The gap between rich and poor started growing before Ronald Reagan took office, and it continued to widen through the Clinton years.
But what happened under Bush is something entirely unprecedented: For the first time in our history, so much growth is being siphoned off to a small, wealthy minority that most Americans are failing to gain ground even during a time of economic growth -- and they know it. http://www.sciencedaily.com/releases/2007/08/070807171936.htm
Only a fool thinks there's much of a difference between parties, the last 20 years is proof.
Watch Moore's "Capitalism" -- shines a light on the darkness of both Republicans and Democrats...
Moore does not have a solution but I do.
National strikes. No one goes to work until Congress is completely retooled, special interests and lobbyists are removed from influence and campaign finance reform really happens.
I am starting twith our local town ...they have played the Wall St. shell game on all the taxpayers: 1) they raise the value of your home even though the market is falling (and charge you the resultant increase in property taxes) and 2) then they re-evaluate the values downward but raise the rate (because they know home values have fallen) so in effect you still pay more. This exacerbates a number of problems:
-the people on the property tax payers' dole continue to get their salaries, raises, pensions etc. even though the rest of the people are basically locked into a no increase formula. Who is getting a raise these days except the townspeople and the schools?
- by re-evaluating the values downward (while raising the rate basis) they have hurt the homeowners who are basically stuck in their homes because they can't sell. Now the homeowners (who are being taxed to support this game) have to sell against the declining values of their homes as "assessed" by their towns.
Who is getting screwed here?
We get nothing in our town but plowing in the winter and mail delivery.
Who are they protecting? Themselves and the schools.
Check it out, America: NO ONE IS ON YOUR SIDE.