Jan 9, 2010
Your Bank is Just not Into You
A new wave has taken over on Twitter and Facebook called Move Your Money which is causing a surge in social media gone political and an example of taking control back from the banks on Wall Street.
Since the stimulus flowed billions into the banks and in return they took the money and purchased more banks, rather than loan it to small business people are fighting mad.
People are mad at credit card company’s and banks who are raising interest rates sky high and in once case as high as 75 percent interest. Citizens are taping Youtube videos showing themselves closing their accounts in large banks. More Americans are trading their banks in from Wall Street to Main Street and flooding community credit unions with massive deposits leaving Wall Street’s vaults bare.
Huffington Post’s Arianna Huffington has led the charge that makes sense and people like April Schiller from Seattle Washington are removing their money from the major banks. People are turning in the Chase Bank Accounts for small town banks in their own towns and as April Schiller said she was even thrilled when they sent her a hand written Christmas card. She also liked the fact that people knew her at her bank and the personal touches made a big difference in how she felt about banking.
The trust of large corporations and banks is gone in America and small grass roots campaigns are proving successful in turning the tides back to power in the hands of the consumer.
She stated to ABC News that the response has been tremendous and on the site you put in your zip code and they will find you a local community bank.
The banks are solvent and secure banks on this site. You can access at: Move Your Money
Fight back, game on.
TAGS: Move Your Money, Move you Money.org, Arianna Huffington, Huffington Post, Twitter, Facebook.