What say ye Piggs about this new movement to move money from the “too big to fail” banks to smaller, localized ones?
“People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis.
Fueled by the personal initiatives of thousands, it’s a grassroots effort that has the potential to shift power in the financial system away from Wall Street and to Main Street.”
Well, I’ve had most of my savings accounts (and all of my mortgages) at a credit union since the late ’90’s. But I just recently closed a BofA credit card and got a similar card from my credit union. When closing the BofA account, I told the CSR that his bosses were evil and stupid and I was hugely disappointed that they got bailed out. And I told him that I wanted to make BofA just a little bit smaller so that next time it wouldn’t be judged “too big to fail”.
It was such a grassroots effort that I hadn’t even heard of moveyourmoney.com when I closed the account.
Well, I’ve had most of my savings accounts (and all of my mortgages) at a credit union since the late ’90’s. But I just recently closed a BofA credit card and got a similar card from my credit union. When closing the BofA account, I told the CSR that his bosses were evil and stupid and I was hugely disappointed that they got bailed out. And I told him that I wanted to make BofA just a little bit smaller so that next time it wouldn’t be judged “too big to fail”.
It was such a grassroots effort that I hadn’t even heard of moveyourmoney.com when I closed the account.
Well, I’ve had most of my savings accounts (and all of my mortgages) at a credit union since the late ’90’s. But I just recently closed a BofA credit card and got a similar card from my credit union. When closing the BofA account, I told the CSR that his bosses were evil and stupid and I was hugely disappointed that they got bailed out. And I told him that I wanted to make BofA just a little bit smaller so that next time it wouldn’t be judged “too big to fail”.
It was such a grassroots effort that I hadn’t even heard of moveyourmoney.com when I closed the account.
Well, I’ve had most of my savings accounts (and all of my mortgages) at a credit union since the late ’90’s. But I just recently closed a BofA credit card and got a similar card from my credit union. When closing the BofA account, I told the CSR that his bosses were evil and stupid and I was hugely disappointed that they got bailed out. And I told him that I wanted to make BofA just a little bit smaller so that next time it wouldn’t be judged “too big to fail”.
It was such a grassroots effort that I hadn’t even heard of moveyourmoney.com when I closed the account.
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