The Huffington Post has come up with a nice little protest movement. Let’s pull our money out of the bailed-out banks and put it in local banks that lend to locals. Who are the locals? People just like us.
This makes sense economically. If you ever want a loan, get it from your own banker. If it’s a local bank, you will be treated well.
The FDIC insures all accounts up to $250,000. Your money is as safe in a local bank as a bailed-out mega-bank.
The folks at Huffington are on the Left. But we can all agree when we see insider bailouts like the ones in September and October 2008.
They have produced a video. This video is biased, mean-spirited, and simplistic; I love it! The more of these low-budget YouTube videos on the Big Bank bailout, the better.