The big banks on Wall Street -- JP Morgan/Chase, Citibank, Bank of America, Wells
Fargo, Goldman Sachs and Morgan Stanley -- have had an incredible year, getting
huge taxpayer bail-outs, making record profits and paying out multi-million
dollar bonuses to their CEOs while many of them are still participating in all
the highly leveraged activities that caused our housing and credit crisis in
the first place.
Even as Congress is poised to pass major financial reforms, it is clear that Washington will not go far enough to break up the 'Too Big To Fail' banks.
Community banks and credit unions don’t act like the big banks. Typically, they’re more responsible in how they manage their money, they’re more closely connected to the people
and businesses who live near them, and they’re more inclined to make loans they
know will get paid back. And your local credit union isn't going to ask
Congress for a multi-billion dollar bail-out either. These are the qualities
most people want banks to have.
The idea is simple.
We can send a message to Congress, the President and every candidate running for office that we don't trust big banks with our money. But it's up to us to do it.
PLEDGE TO MOVE YOUR MONEY TO A COMMUNITY BANK OR CREDIT UNION RIGHT NOW
