Move your Moolah, move your money... do it locally!
"People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis."
http://moveyourmoney.info/
skip to main |
skip to sidebar
Politics, technology, philosophy, society
1 comment:
One drawback to this idea is the sad financial state of local businesses - the main targets that local banks lend to. Smaller businesses are barely limping by, and often have inflated balance sheets that are no better than the giant companies bailed out by the US. Go under the sheets and you'll find local banks granting extensions of current loans to almost all the local busineses because if they blink and call any of them in, there will be NO assets to pay off the debt. Local banking is just as much of a shame as the national/international game.
Post a Comment