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You can help end ”Too Big To Fail” once and for all.

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bindelh Donating Member (162 posts) Send PM | Profile | Ignore Thu Mar-10-11 09:06 PM
Original message
You can help end ”Too Big To Fail” once and for all.
Move your money out of Wall Street's 'Big' banks and move it to a small 'Local' Hometown bank or Credit Union.

http://moveyourmoneyproject.org/

WHY SHOULD YOU MOVE YOUR MONEY?


INVEST IN MAIN STREET, NOT WALL STREET

When you keep your money in a local financial institution, that money in turn is reinvested in local businesses, which is important for building a stable economy and encouraging local growth. Put your money in the big Wall Street banks however, and they will use your deposits to make risky investments, gambling at the expense of the economy as a whole.

END TOO BIG TO FAIL

The big banks on Wall Street gambled with our money, then demanded a bailout of $700 billion. The size of these Wall Street “Banksters” threatens our economic system, yet their size has only increased since we bailed them out. According to FDIC data, the largest 5 banks held 13% of US deposits in 1994, today they hold 38%. If the government wont step in and break them up, then we must move our money ourselves and end ”Too Big To Fail” once and for all.

(see site for more info)

http://www.youtube.com/watch?v=HsirVYT2Ayk&feature=player_embedded">Bill Maher On Ending Abusive Relationships - With Your Bank

(corrected website:below)
http://moveyourmoneyproject.org/





Your money in a Credit Union is safe. Credit union deposits are federally insured to at least $250000* just like the FDIC. No taxpayer funds have ever been used to bail out a credit union. In fact, credit unions are poised to assist in economic recovery and have money to lend.

http://www.creditunionfacts.com/
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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 09:08 PM
Response to Original message
1. K&R
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 09:13 PM
Response to Original message
2. ROFLMAO nothing is ever ended once and for all! n/t
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bindelh Donating Member (162 posts) Send PM | Profile | Ignore Thu Mar-10-11 09:16 PM
Response to Reply #2
3. Lots of things have ended once and for all...
You just aren't one of the kind of persons that are interested in putting forth the effort.
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jody Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 09:18 PM
Response to Reply #3
5. Another laugh. You don't know me nor I you. I like that! nt
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TheKentuckian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 09:17 PM
Response to Original message
4. Traditional banking is a side line. I think this tactic could help decouple the personal
connection people have with these institutions but it is way too late to do anything from the consumer side to shrink the percentage of the economy these banks have which makes the politicians dance and write crazy laws to funnel more of the economy at them as well as dispossess the populace.

That must be dismantled and strongly regulated, which will likely require short term nationalization and a whole new approach to the financial sector.
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