Move Your Money
January 4, 2010 at 10:22 AM Leave a comment
I think the campaign to encourage people to move their money out of the “too big to fail” banks into local, community banks launched last week by Arianna Huffington and others is a great idea. I did that very thing in March of last year.
When my husband and I moved to Colorado we opened an account at a local bank known then as National State Bank. Over the years it changed hands five or six times. Approximately 15 years ago, it became a Wells Fargo bank.
Early last year I read an arrogant, let-them-eat-cake type quote from the CEO of Wells Fargo (made simultaneous to our money bailing the bank out) and I thought, hey, I don’t want anything to do with that guy and I don’t want my money in any way supporting or contributing to his million dollar paycheck. So, my husband and I closed our account and moved to a local credit union. We are so happy at the credit union that we kick ourselves for not moving years ago.
It feels great to have figuratively given Wells Fargo the finger.
Think about making such a move yourself. Meanwhile, here’s a video produced by MoveYourMoney.info with more on why moving to a community bank is a good idea. Power to the people!
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