Democracy Now: Move Your Money $ } } } } } } } $

[BrendaBrick]

Petition signed! Thanks.

From 1-4-2010, but still applies today more than EVER:

Move Your Money: Project Urges People to Transfer Money Out of Nation’s Largest Banks Into Local Community Banks

Economist Robert Johnson, columnist Arianna Huffington and filmmaker Eugene Jarecki, among others, have come up with a new proposal that would allow ordinary people in this country to channel their anger over the Wall Street bailout while also helping invigorate community banking. We speak with Rob Johnson about Move Your Money.

Guest:
Robert Johnson, former economist at the Senate Banking Committee and the Senate Budget Committee. He’s now the director of the Economic Policy Initiative at the Franklin and Eleanor Roosevelt Institute. He also serves on the UN Commission of Experts on Finance and International Monetary Reform.

AMY GOODMAN: It’s no secret that the most powerful banks on Wall Street, the same ones American taxpayers had to bail out, made record profits last year. They have also cut back on the money they are lending, even though the bailout was supposed to get credit flowing again. Meanwhile, community banks on Main Street have either closed down or are barely surviving.

Well, economist Rob Johnson, columnist Arianna Huffington and filmmaker Eugene Jarecki, among others, came up with a new proposal that would allow ordinary people in this country to channel their anger over the bailout while also helping invigorate community banking. They’re asking people to move their money out of the largest banks in the country into local community banks. It’s called “Move Your Money,” and they’re promoting it with a short online video that compares the current situation to the classic Frank Capra film It’s a Wonderful Life, where community banker George Bailey helps the people of Bedford Falls escape the grip of the predatory banker, Mr. Potter.

(About 8 minutes) http://www.democracynow.org/2010/1/4/move_your_money_project_urges_people

http://moveyourmoneyproject.org/

on edit - oops. Thought I posted as reply for signing petition against BOA ~