COMPUTERS AND BUSINESS NETWORKING


Sunday, February 28, 2010

Paying for those credit default swaps

OK, this is off my usual path but the more I think of it the more I'm embarrassed that I have not figured this out and acted on it myself. The country is full of local banks who hire, invest, and contribute locally. In many cases the money never leaves the community. And in some cases the banks have every service available from the big banks who nearly took the country down the financial tubes. Here is a site that advocates a movement to do something about it:
Fewer Fees, More Savings

I've been a member of a credit union most of my life but when I started a small business I landed with one of the banks who took money from the government and continue to do the same things they have causes so many problems including paying their executives at various astronomical rates.

There is a local bank here that offers the same services as my current bank. I'm Moving My Money. Will my current bank care? Probably not. There is a lot of power in numbers, though.

No comments:

Post a Comment