"A spectre is haunting Europe." No, its not the revolution that Karl Marx supposed would come about. It is the simple act of removing all of our money from the big banks, and doing so en masse on the same day -- December 7th.
Data from the last 18 months show that the country's 7,600 credit unions are in fact outperforming big banks and rapidly expanding their market share. Since the start of 2009, credit unions have added more than 1.5 million new members.
The Move Your Money campaign is about as "Don't Tread On Me" as it gets. Why aren't more conservative grassroots leaders galvanizing people around this issue?
You know where you keep your money, but where do the institutions where you go to school, work and live keep their money? Most of them have accounts with one or more of the major banks.
Armed with the old It's A Wonderful Life parable on local banking, MYM has caught the attention of state government officials in New Mexico and Oregon...
Regulators or non-profit groups should create a bank safety rating system to allow customers to make informed decisions about where to move their money.
Here's a clip from my interview with award-winning filmmaker and author Eugene Jarecki, one of forces behind the Move Your Money campaign. The full interview airs Friday night on PBS.
Two weeks after I "walked the walk" and opened two accounts with community banks, I've my new debit cards and PIN numbers -- and confirmation of something I already knew.
I used the Move Your Money zip code tool -- which now has a vastly improved analytical filter -- to see if I could open a new account at a community bank during my lunch hour.