Comments on: Nine representatives on “Move Your Money” and “too big to fail”

By: Angie in WA State

Angie in WA State — Thu, 21 Jan 2010 02:36:05 +0000

The movement is likely to gather steam the longer it goes on. It is a concrete way for individuals to work collectively, even though their actions are solitary. The big financial players may claim that such a movement is worthless, and the the small amount of acount depositors in toto, as opposed to their bigger corporate accounts will have a negligible effect are forgetting one thing - there is strength in numbers. This will be seen, so far as I can see, as the Death by a thousand papercuts. The bleeding is tiny, but if millions of them are all applied at the same time, you will see an effect on those too big to fail banks.

By: Brian

Brian — Thu, 21 Jan 2010 01:49:06 +0000

By the way, the above-mentioned banks really ARE too big to fail. If they die, so does the world economy and so does the USA (that’s right, the country would be finished). The answer is not to move our money to punish the banks. That would work in a capitalistic system. What would be more effective is if we (the government of the people) broke up the monopolistic structure. If Citi was broken, for example, into a couple hundered smaller companies, then a few of them could fail and the sky would not fall. In addition to this, the smaller companies could then compete with each other for our business (capitalism) and we could certainly expect better rates, better services, etc. A break-up, such as this, can never happen, of course, as it would involve our politicians to do the bidding of the people over the two or three corporations that own everthing, including the politicians.

By: Brian

Brian — Thu, 21 Jan 2010 01:41:46 +0000

Okay, show me a “small,community bank” and I will show you a parent company who owns it either directly or indirectly through loans and insurance to the “small” company. The fact is that the above-mentioned financial institutions OWN us and everything we think we own. Mike, your $80,000 student loan makes you owned by the bank. These politicians are owned as it is the financial companies (all two or three of them that don’t compete)have funded them. They don’t dare vote for any policies that go against maximizing corporate profits. They are simply not allowed to do so. Once again let me point out that this is not capitalism but rather communism, as there is no competition, but rather a monopolistic “ownership” of the USA, all its property, all the citizens, and all the so-called property of the citizens. The bailout wasn’t an idea politicians came up with to save the economy, but rather something the banks demanded from the politicians. That’s what happens in a communistic system.

By: Kevin

Kevin — Wed, 20 Jan 2010 19:01:32 +0000

Everyone remember these representatives who work with the big banks, don’t want to comment, etc… Vote their rear ends out of office come election time! These big banks have ruined the United States and Congress knows it. The bailout was to save the rich people and foreigners’ money. Move your money to a community bank or local credit union. Stop doing business with Citi, Wells, BofA, JP Morgan, Goldman Sachs, Morgan Stanley. They are bonus greedy crooks.

By: Move Your Money » Blog Archive » Where are your legislators banking?

Move Your Money » Blog Archive » Where are your legislators banking? — Wed, 20 Jan 2010 14:45:51 +0000

[...] Stark took his camera to Capitol Hill to ask a few Congressional Representatives about the Move Your Money campaign. Rep. Jan Schakowsky (D-Ill.), for instance, is planning on moving this [...]