Move Your Money campaign update:
9% of U.S. adults on board
Move Your Money, the brainchild of Rob Johnson, Arianna Huffington and Eugene Jarecki, has taken America by storm. For anyone who thought grassroots action was futile, think again. According to a recent Zogby poll, nine percent of U.S. adults have taken at least some of their money out of the big banks to protest abuses and bailouts. As we have been reporting, state and local governments are joining the movement. Legislatures in New Mexico and Minnesota inspired by the campaign have proposed measures that would prioritize local banks for dealing with state deposits.John Zogby in Forbes:
We know that people are mad as hell about their tax dollars going to bail out big banks and Wall Street, and then seeing the recipients of their hard-earned cash rewarding themselves with million-dollar bonuses.
We also know that the blowback from the bank bailouts is one reason why incumbents, especially the majority Democrats, are in great jeopardy of losing their jobs in November. People can’t vote out big bankers, but we are finding evidence that some people are voting with their bank accounts and moving their business to community banks and credit unions. A recent Zogby Interactive poll found 9% of U.S. adults have taken some of their business away from big banks as a protest.
The MYM site has a tool that lets you enter your zipcode and find a highly-rated community bank near you.
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