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News for Norther Colorado and the world

Monday, November 24, 2014

Move your money

November 5, Bank Transfer Day

dn logo copy1 Move your money

 

 

 

 

 

Move Your Money: Campaign Grows to Divest from “Too Big to Fail” Banks to Local Banks, Credit Unions

As participants in the Occupy Wall Street movement continue protesting the record profits made by banks bailed out by taxpayer money, a group of grassroots activists are hitting America’s largest banks—including JPMorgan Chase, Bank of America and Wells Fargo—where it hurts most: the wallet. Dubbing this Saturday, Nov. 5 as “Bank Transfer Day,” activists are urging people to move their money out of the banks deemed “too big to fail” into local community banks and credit unions. Bank Transfer Day draws on an idea popularized by filmmaker Eugene Jarecki, economist Rob Johnson and columnist Arianna Huffington, among others. In 2010, they created the short film called Move Your Money,” which became a viral sensation. We speak with filmmaker Eugene Jarecki.  READ MORE 

 

       

 

Huff Post business Move your money

 

 

Move Your Money: A New Year’s Resolution

By Arianna Huffington and Rob Johnson

Last week, over a pre-Christmas dinner, the two of us, along with political strategist Alexis McGill, filmmaker/author Eugene Jarecki, and Nick Penniman of the HuffPost Investigative Fund, began talking about the huge, growing chasm between the fortunes of Wall Street banks and Main Street banks, and started discussing what concrete steps individuals could take to help create a better financial system. Before long, the conversation turned practical, and with some help from friends in the world of bank analysis, a video and website were produced devoted to a simple idea: Move Your Money.  READ MORE   

   

 

 

Huff Post business1 Move your money

  

 

Bank Transfer Day: The Start of Something Great

By Bill Cheney

The movement toward credit unions over the last several weeks has been nothing less than phenomenal. For us in the credit union movement, it is confirmation of our long-standing tenant that credit unions are “people helping people.”

But it doesn’t have to end this Saturday. As Kristen Christian — the founder of Bank Transfer Day — said: “November 5th is merely a deadline goal.” (Facebook, Oct. 27)

As far as credit unions are concerned, any day is a good day for a consumer to become a credit union member. Nov. 5 is one good day to join, and we certainly encourage consumers to make the change. READ MORE

 

 

 

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