The Huffington Post urges readers to move their savings and checking accounts out of Citibank, JP Morgan Chase, and Bank of America, and into smaller, independent banks. I think it’s an inspired idea:
America’s Main Street community banks — the vast majority of which avoided the banquet of greed and corruption that created the toxic economic swamp we are still fighting to get ourselves out of — are struggling.
Why don’t we take our money out of these big banks and put them into community banks? What would happen if lots of people around America decided to do the same thing?