Move your money

[dellinger63]

Huffington just exposed the true motive of the site on CNBC. It is nothing more than the bashing of Bank of America, Wells Fargo, Citibank et al. Something to do with her believing capitalism and free markets help Wall Street and not Main Street. and 100 million people will change the banking system and regulation not the government. lol

[Riot]

Huffington just exposed the true motive of the site on CNBC. It is nothing more than the bashing of Bank of America, Wells Fargo, Citibank et al.

Geesh, that is not some secret The sole purpose of the site existing is to do exactly that, and that is explained on the site

Something to do with her believing capitalism and free markets help Wall Street and not Main Street. and 100 million people will change the banking system and regulation not the government. lol

You have it misstated it backwards. Her stated belief is that free markets and capitalism - the public taking their money away from banks that have screwed us, and giving it to local banks that do not - will help Main Street, us - and not Wall Street

From the site: "JUST BEFORE CHRISTMAS, a few friends were having dinner wondering what personal actions they could take to help limit the power of the big banks and create a more sane, stable financial system. How, they wondered, could they help end the era of Too Big To Fail? The financier at the table recommended that everyone could move their money out of the Wall Street banks and into community banks. Community banks are typically more conservative about how they manage their money, they’re more closely connected to the people and businesses who live near them, and they’re more inclined to make loans they know will get paid back. In other words, they have the values that more people would want banks to have."

[randallscott35]

Credit unions are the way to go for credit cards as well.

[Riot]

Originally Posted by randallscott35

Credit unions are the way to go for credit cards as well.

I think you do have to watch them before you sign on, however - they can act just like the big impersonal banks as far as drowning you in fees, restrictive lending policies, etc.

[Danzig]

we only have used a credit union for years now, both checking and savings, loans as well. no complaints.

[dellinger63]

Originally Posted by Riot

Geesh, that is not some secret The sole purpose of the site existing is to do exactly that, and that is explained on the site



You have it misstated it backwards. Her stated belief is that free markets and capitalism - the public taking their money away from banks that have screwed us, and giving it to local banks that do not - will help Main Street, us - and not Wall Street

From the site: "JUST BEFORE CHRISTMAS, a few friends were having dinner wondering what personal actions they could take to help limit the power of the big banks and create a more sane, stable financial system. How, they wondered, could they help end the era of Too Big To Fail? The financier at the table recommended that everyone could move their money out of the Wall Street banks and into community banks. Community banks are typically more conservative about how they manage their money, they’re more closely connected to the people and businesses who live near them, and they’re more inclined to make loans they know will get paid back. In other words, they have the values that more people would want banks to have."

and here I've been mistaken all along. I thought you supported Obama and his bailout out of banks to big to fail? I know you've been mum on the Fannie and Freddie 'night before Christmas' gifts but I'm sure you must have been against that decision as well. My Bad! Happy New Year!