Pope Flick Posted December 30, 2009 Share Posted December 30, 2009 http://www.huffingtonpost.com/arianna-huff...a_b_406022.html Pretty obvious idea. Had been thinking about it, but when presented in this manner it's kind of hard to argue against. Progressive Libertarianism? The idea is simple: If enough people who have money in one of the big four banks move it into smaller, more local, more traditional community banks, then collectively we, the people, will have taken a big step toward re-rigging the financial system so it becomes again the productive, stable engine for growth it's meant to be. It's neither Left nor Right -- it's populism at its best. Consider it a withdrawal tax on the big banks for the negative service they provide by consistently ignoring the public interest. It's time for Americans to move their money out of these reckless behemoths. And you don't have to worry, there is zero risk: deposit insurance is just as good at small banks -- and unlike the big banks they don't provide the toxic dividend of derivatives trading in a heads-they-win, tails-we-lose fashion. I'm pretty much in a middle class tax bracket, and am sure any one of the local banks provided by the search engine in the article would LOVE my direct deposit cash flow. Most of my savings is tied into a 401k, so it won't be too tough to pull off... Quote Link to comment Share on other sites More sharing options...
Chief Dick Posted December 30, 2009 Share Posted December 30, 2009 I do some banking with a local credit union. They are wonderful to work with. The only downside is ATM availability. I'm getting ready to move all of my hundreds from BoA to them. Quote Link to comment Share on other sites More sharing options...
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