There is a cold chill running throughout this country -and it's not necessarily all about mother nature. Though most of us will soon begin to thaw-out from this latest arctic blast, there seems to be deep freeze surrounding Wall Street banking policies.
As banks prepare to dole out big cash bonuses again, consumers are preparing to change their own banking policies. A new grassroots campaign "Move Your Money" advocates consumers move their money, loyalty and bank accounts to small community banks and credit unions where they will find welcome arms -and in many cases lower credit card interest rates
Read more about the initiative and find links to community banks and credit unions at the Huffington Post.
Here's a short excerpt.
UPDATE: Huffington Post's Nico Pitney on MSNBC
As banks prepare to dole out big cash bonuses again, consumers are preparing to change their own banking policies. A new grassroots campaign "Move Your Money" advocates consumers move their money, loyalty and bank accounts to small community banks and credit unions where they will find welcome arms -and in many cases lower credit card interest rates
Read more about the initiative and find links to community banks and credit unions at the Huffington Post.
Here's a short excerpt.
JP Morgan/Chase, Citi, Wells Fargo, Bank of America, Morgan Stanley, and Goldman Sachs may be "too big to fail" -- but they are not too big to feel the impact of hundreds of thousands of people taking action to change a broken financial and political system. Let them gamble with their own money, not yours. Let's turn big banks into smaller banks. We'll all be better off -- and safer -- as a result.
UPDATE: Huffington Post's Nico Pitney on MSNBC
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