Big Banks, Forgetaboutit. Time to Think Local Community Banks
The Big Banks got Taxpayer funds to deal with their heartaches and how does that benefit you in the short or long term?
It doesn't.
Watch the 4 minute video (included in article) that uses the classic Frank Capra film It's a Wonderful Life and exploits the huge, growing chasm between the fortunes of Wall Street banks and Main Street banks. It will make you think twice.
Thank you Arianna Huffington, Rob Johnson, Alexis McGill, filmmaker/author Eugene Jarecki, and Nick Penniman of the HuffPost Investigative Fund for putting this all together.
The concept is simple, move your money out of the Wall Street banks and into community banks. Community banks are typically more conservative about 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.
In other words, they have the values that more people would want banks to have.
For more information and to find a community bank in your area visit http://moveyourmoney.info
Enjoy the video:
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Community Banks are the Life Blood of Capital to any Community
Submitted by bankalchemist on Tue, 01/05/2010 - 06:14.A strong community bank network is key to sustaining a long term economic recovery. Community Banks are the best source of growth capital for businesses. That said the Community Banker is going to have to expand their knowledge of fee for service ecommerce based services. They can not be concerned that every customer is a terrorist or money launderer. Community business leaders and civic champions need to get behind starting new banks focused on their community needs. A good source is www.denovobanks.com or www.startabank.com
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