SocraticGadfly: Move money, punish big banks?

January 07, 2010

Move money, punish big banks?

Sounds so simple, right?

Well, beyond the inertia factor, Big Money points out that even if hundreds of thousands of us abandoned WellsFargo, et al, we just don't have that much leverage.

Now, if you can talk your neighborhood small business to moving out of WellsFargo or Chase, and to a credit union, that might create more leverage. But, the article notes small banks depend on big banks in various ways.

No comments: