On Rick Sanchez: Arianna Huffington says pull your money out of big banks

muntrv

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Thu Dec-31-09 03:50 PM
Original message

On Rick Sanchez: Arianna Huffington says pull your money out of big banks

and put it into local community banks.

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Deep13

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Thu Dec-31-09 03:53 PM
Response to Original message

1. I did that years ago. nt

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phasma ex machina

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Thu Dec-31-09 04:17 PM
Response to Reply #1

10. +1 Credit Unions work best for real people.

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roguevalley

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Thu Dec-31-09 11:32 PM
Response to Reply #10

26. credit union one. my bank.

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leftstreet

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Thu Dec-31-09 03:54 PM
Response to Original message

2. Who has money?

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NorthCarolina

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Thu Dec-31-09 04:09 PM
Response to Reply #2

7. +1 (nt)

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G_j

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Thu Dec-31-09 04:19 PM
Response to Reply #2

12. +0

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Mari333

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Thu Dec-31-09 04:34 PM
Response to Reply #2

19. rofl amen

Happy New Year btw

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onehandle

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Thu Dec-31-09 03:57 PM
Response to Original message

3. Where's her money? nt

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earthboundmisfit

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Thu Dec-31-09 03:59 PM
Response to Original message

4. Local banks

and credit unions.

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doc03

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Thu Dec-31-09 04:04 PM
Response to Original message

5. Never had mine in any big bank, my bank has

only four branch offices pays better interest, has lower fees and gives better service than any of the big ones.

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DavidDvorkin

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Thu Dec-31-09 04:05 PM
Response to Original message

6. I did that decades ago, but then

that bank got bought. And that one was bought. And so on. Now what was my local bank is a branch office of Wells Fargo.

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Fire1

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Thu Dec-31-09 04:10 PM
Response to Original message

8. Been contemplating that and think I will. n/t

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Goldstein1984

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Thu Dec-31-09 04:14 PM
Response to Original message

9. The Palestinians are doing this to Israel right now

with significant effect:

Pulling money out of banks
Boycotting markets
Divesting in general

This is the kind of economic impact that will get the attention of Wall Street.

If not local banks, use a credit union.

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Graybeard

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Thu Dec-31-09 04:17 PM
Response to Original message

11. Melrose Credit Union just opened in my neighborhood.

My bank now is HSBC. They seem to have come out of all of this pretty clean. Am I wrong about that? Should I transfer my accounts?

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bridgit

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Thu Dec-31-09 04:21 PM
Response to Original message

13. We're moving to a state credit union

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David Zephyr

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Thu Dec-31-09 04:23 PM
Response to Original message

14. I had most of my money in local banks. They failed. Now they are part of the big banks.

Just be sure your money is FDIC insured.

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NNN0LHI

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Thu Dec-31-09 04:24 PM
Response to Original message

15. I am going to move my entire fortune today

All $90 dollars.

Don

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LostInAnomie

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Thu Dec-31-09 04:26 PM
Response to Original message

16. I'd be more than willing to bury people's money in my back yard in coffee cans.

Edited on Thu Dec-31-09 04:27 PM by LostInAnomie

* Not responsible for mole or varmint damage.

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katkat

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Thu Dec-31-09 04:31 PM
Response to Original message

17. Credit unions

repeat after me, credit unions.

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tbyg52

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Thu Dec-31-09 05:49 PM
Response to Reply #17

20. +1 nt

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madrchsod

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Thu Dec-31-09 04:32 PM
Response to Original message

18. what we have is in a small regional 5 star local bank.

the service is great plus they have worked we us on our mortgage payments. our loan is 3.14% this year.

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Prometheus Bound

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Thu Dec-31-09 05:52 PM
Response to Original message

21. Why?

To support community banks or because she expects some of the big banks to go bust?

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gleaner

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Thu Dec-31-09 06:06 PM
Response to Original message

22. Consider Credit Unions .....

Chase took over my bank, so I moved to a credit union. I think its a much better place to keep my money. It is owned by the depositors, but still regulated and has the freedom to care for its customers that banks don't. Credit unions also welcome small depositors and do not penalize you for not being able to keep thousands of dollars in a savings account. Chase did. They would charge $7.00 per month per account unless you did.

Credit unions are also much better about loans and credit cards, though I'm not using credit until things are better regulated across the board.

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roamer65

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Thu Dec-31-09 06:14 PM
Response to Original message

23. Be careful and check the FDIC troubled bank list before you move your money.

Edited on Thu Dec-31-09 06:17 PM by roamer65

I agree with Arianna, but check the FDIC troubled bank list before you move your $$.

The list is frequently posted at http://calculatedriskblog.com

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phasma ex machina

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Thu Dec-31-09 06:47 PM
Response to Reply #23

25. +1 Just about time for the next episode of the FDIC Friday Night Fright Show.

Boo!

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GrantDem

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Thu Dec-31-09 06:34 PM
Response to Original message

24. I use our local Credit Union.

will never use a "bank" again.

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