iOS app Android app More

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

Huff TV

Posted: January 6, 2010 06:03 PM

Move Your Money: Arianna And Rob Johnson Explain How Moving Your Money Can Change The System

What's Your Reaction:

Arianna and Rob Johnson, director of the Economic Policy Initiative at the Franklin and Eleanor Roosevelt Institute, urged Americans to move their money to community banks during an appearance on the Ed Show with Ed Schultz on Wednesday.

Just last week, Arianna and Rob unveiled Move Your Money, a challenge to Americans fed up with too-big-to-fail banks. The initiative encourages account holders to withdraw their money from big, mismanaged banks and move the funds to smaller, better-managed community banks--institutions that are still lending.

Arianna explained that community banks are more likely to lend, and to help fuel a recovery among America's small businesses, "Community banks are much more likely to reinvest that money in the community and actually help create jobs...because... $1000 billion less money has been lent to communities from these four banks that we bailed out."

Visit MoveYourMoney.info to find a community bank near you. Click here for answers to frequently asked questions about how to move your money.

WATCH:


Pledge to Move Your Money!
Take the pledge, join the movement, and invite your Facebook or Twitter friends to get involved.