Take Action: Move Your Money

>> Friday

WHEN SOMETHING bothers you, if you can do anything about it, your mood is likely to rise. Many people are justifiably angry at the fatcats who made the decisions that caused The Great Recession but who personally made enormous profits in the process, and that large banks accepted bailout money from taxpayers but used it only to further their own interests, often at the expense of taxpayers.

But the "Move Your Money" movement is promoting something that each of us can DO about it: Move your money from the guilty banks to local banks and credit unions. Taking such a constructive action will improve your mood. You'll feel better knowing you have done something about the injustice.

For more information (including an easy way to find community banks), go to Move Your Money.

Watch the video below. It is 4 minutes and 11 seconds long. And please share it with others (another constructive action you can take).

5 comments:

zjkarim 3:02 AM  

Wow, that's powerful stuff. Only just recently did I relearn the lesson that Money Talks and boy can it make you feel powerful, since you have the ultimate decision making power.
Thank you bringing this video to my attention and I look into Move Your Money.

Sarah K. 3:37 PM  

I loved that clip– and I don't even like It's A Wonderful Life!
I think people are finally realizing that as consumers, they can make a difference just by what they choose to do with the all mighty dollar. What you choose to buy, where you choose to put your money, can make a difference.
My husband and I switched to a Credit Union many years ago, and haven't looked back since.
Thanks for sharing!

Adam Khan 6:55 PM  

You're welcome, Sarah! And you're right about people making a difference with what they choose to do with their money. In an article in the LA Times, it says:

About 650,000 U.S. consumers opened credit union accounts in the month since BofA announced Sept. 29 its planned debit card fee, according to the Credit Union National Assn., a trade organization. That compares to an average of 80,000 new members a month the rest of the year, the group reported.

Faced with mounting consumer criticism, BofA abandoned the planned fee Tuesday.

Rick 1:38 PM  

Already did it a few months ago!

Adam Khan 10:24 PM  

All right, Rick!

;-)

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