People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis.

Fueled by the personal initiatives of thousands, it’s a grassroots effort that has the potential to shift power in the financial system away from Wall Street and to Our Street.  Keith Olbermann of MSNBC got behind the Move Your Money campaign on his show.  He believes: “It’s time to make those Too Big To Fail banks just a little bit smaller by moving your money to a local credit union or community bank.”

Stephanie Frost decided that she had been mistreated at her big bank for too long and enough is enough — she’s switching to a small financial institution.  She filmed herself going to close her account and posted the video to YouTube:

The Move Your Money Movement
…For the people, by the people…

Dr. Reynaldo Anderson, my fraternity brother posed this question on Facebook: What would happen if churches got behind this movement?  As I pondered that question, I estimate church goers give BILLIONS to their churches each year.

Additionally, I’m sure most of it is deposited into bailed-out banks – the same banks that refuse to lend to our members & their small businesses.  Imagine what would happen if Protestants, Catholics (net worth estimated @ $1 trillion or more), & all other religions were to band together and MOVE OUR MONEY!  I guarantee they’ll call us in for a congressional hearing.

Rey, I’m on it!