A Real New Years Resolution

If you’re anything like me, you are fed up with our government’s response to Big Banks and Wall Street during the past year’s financial crisis. President Obama made promises to get tough with these institutions, but they haven’t been kept. It is clear to me that members of Congress from both political parties are corrupt to the core. Nothing will be done by the federal government when it comes to reigning in big business.

I read in the Huffington Post a great idea that ordinary people can do to really hurt the Big Banks. As a New Year’s resolution, people would simply move their money from any checking, savings or other kinds of accounts at the Big Banks to smaller community banks. It’s an idea elegant in its simplicity that, if it catches on, could cause some serious pain to these “too big to fail” banks that long ago quit serving the people.

 

If everyone did something as simple as switch their bank accounts away from these major banks it would be an act that no amount of lobbying or government intervention could stop. Congress and the administration would be left scratching their collective heads.

The “Move Your Money” folks did a wonderfully simple video below. And they even give you a way to find an alternative community bank near year you (Click here).  

The small banks are your choice. Just take your money out of the Big Four banks: JP Morgan/Chase, Citibank, Bank of America and Wells Fargo—all of which took billions in taxpayer money and have cut lending to businesses by $100 billion.

And spread the word about the “Move Your Money” campaign. It’s one very fine idea that could make a real difference!