Move Your Money is making waves. According to a recent Zogby poll, nine percent of U.S. adults have moved at least some of their money in protest to the big banks. John Zogby writes 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.
Way to go everyone! Your actions matter and this movement is having an impact. Now let’s get the other 91 percent on board!
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I have NO money in a big bank. Banks like Chase, I detest beyond words. Politicians are gutless in doing anything meaningful about their inordinate power in American society. The emergence of Move Your Money and its idea demonstrates the best way to crush these megabanks.