The Move Your Money campaign has been gaining steam, and news outlets large and small are taking notice. From small local newspapers to major media outlets, people are talking. Here are a few recent clips, but see more on our Press page.
Daniela Perdomo at AlterNet
The Move Your Money campaign has made many people realize that some elements of financial reform may lie in their own hands. While cynics may point out that populist reforms can only take you so far, one idea behind Move Your Money is that this grassroots take on financial reform — if it continues to have impact and grow — may actually increase the possibility of financial reform at the federal level.
The banking behemoths have used our dollars to destroy the economy. We can use those same dollars to fight back.
Alex Miller at the Summit Daily News in Colorado
The idea is simple: Since the mega, “too big to fail” banks played fast and loose with our money and had to take government bailouts to stay afloat, we can, at the very least, express our displeasure by moving our money — or not patronizing them in the first place. After all, these banks are already back handing out big bonuses, are being stingy with lending and, so far as most of us can tell, have done little to prevent a similar meltdown in the future.
It’s hard to imagine the average schmo moving his pitful holdings would have much effect on institutions like Bank of America or Citigroup, but there’s certainly a psychological benefit to holding one’s money out of the hands of the Big Six. These banks control an enormous percentage of the financial market — too big to fail, indeed, and it would seem like a good thing to help even things out a bit, even in a small way.
Chris Camire at the Lowell Sun in Massachusetts
- Top officials at community banks throughout Greater Lowell said they have seen an uptick in the number of customers dropping large banks in favor of their institutions over the past year. Naturally, they hope the trend continues with efforts like Move Your Money.
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