Campaign to Move Money From Giant Banks to Community Banks Is Going Viral
Wednesday, January 6, 2010
Washington’s Blog
Arianna Huffington and Rob Johnson’s campaign for people to move their money from the giant “too big to fail” banks to local community banks and credit unions is quickly going viral.
Numerous financial writers have endorsed the campaign, including:
- Justin Fox (Time)
- Tim Fernholz (Newsweek)
- Rolfe Winkler and Felix Salmon (Reuters)
- Andrew Sullivan (The Atlantic)
- Peter Rothberg (Nation)
Keith Olbermann and other commentators have also endorsed it.
As Gary North correctly writes at libertarian website LewRockwell.com:
The protest is neither Right wing nor Left wing.
Indeed. Polls show that both liberals and conservatives are furious that the big banks are calling the shots and that the giant banks are running amok with the backing of the taxpayers. That’s why the campaign is going viral.
Moving our money will let us all – left and right – vote with our wallets and regain some control over our economy and our finances.
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