Move Your Money

So, you may have heard of the new video and movement, Move Your Money, encouraging the patrons of big banks to move their accounts to small community banks. The video is quite compelling, featuring clips from It’s a Wonderful Life, along with damning clips of modern bank malfeasance. The video is worth viewing, even if the argument doesn’t sway you.

The premise is simple: hit them where it counts, in the pocketbook. It’s a grassroots attempt to undermine the “Too Big To Fail” institutions who continue to be found, time and time again to be complicit in or responsible for economic travesties, big and small.

Senator Bernie Sanders has his own idea: Break ‘Em Up.

Of course, small town banks can engage in their own shenanigans. They also may not have the capacity or breadth of services for all customers. But we should be good consumers and move our money where it serves us best.

If I ever have any money, I want some interest from that money, and it sure would be nice if some of the money was in turn invested in my community. I certainly don’t want a slice of my hard earned money to pay for six-figure financial services lobbyists who are tightening the screws on ethically challenged Members of Congress.

I think I just might move my money.

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