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Archive for January 15th, 2010

Now that The Nation and other bastions of liberalism have climbed aboard, there may be a chance for the Move Your Money movement to go somewhere. Let’s hope the movement isn’t hijacked by political opportunists the way the conservative Tea Party movement has been.

Are you angry about Wall Street’s reckless excesses? Are you disappointed with President Obama’s limp approach to reform? You can change this, acting individually and collectively. Withdraw your deposit and savings accounts from the large banks that brought the system to ruin and were subsequently rescued with billions in government bailouts. Put your money instead in smaller, safer banks or credit unions closer to home–the thousands of community institutions that do not harvest their profits from greed and recklessness.

“Move Your Money” is an electrifying slogan that’s lighting up the Internet because it shows people how they can push back against the big dogs of banking. The concept is simple, but this is a big idea that could alter the timid direction of financial reform.

Read more at The Nation.

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