Conventional wisdom says the Move Your Money idea won't make any difference. The conclusion is that ordinary people are irrelevant in the grand scheme of things and this entire thing is futile. If you think this is true, think again.
I'm talking to all of you that keep doing your banking at the giant, too big to fail, Wall Street banks that brought our economy to the brink of disaster. It's time to break up with your banker and get the hell out.
If banks aren't lending, what's a citizen to do? Arianna advocates moving money into community banks. Tony says the big banks aren't lending because they're being more cautious and trying to build capital.
The American citizen in me makes me wish that people like Vikram Pandit of Citigroup and Lloyd Blankfein of Goldman Sachs weren't such a big part of American life that the country's economy rises and falls on their bad bets.
The curse of bigness in banks should be a major concern of religious people and their churches, synagogues, mosques and any other religious institution, since the way we treat our money is tied into our spiritual commitments.