Digg! Move your money to small community banks

Check their reserve capital..
Got to : TheStreet.com

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It seems that all move your money type campaigns are not created equal. Take The Robin Hood Tax for example. Taxing any business usually just transfers cost to consumers. Not to mention the inefficiency that occurs when it comes time to appoint tax revenue. It is becoming frustrating that popular movements against the banking system are having to operate under such imperfect themes in order to be understood or supported. The real cause of our banking woes is fiat currency and banks being the gatekeepers of our money-as-debt economic structure. Money should be based on a commodity, if not gold and silver, then energy, food, water, etc. Loans should not be a vehicle for banks to skim off the top of economic activity, they should be a vehicle for people with real capital to encourage technological and scientific improvements in a free market environment. Ron Paul is the only honest politician with the guts to continually address the fiat money issue. He needs more support among his own. Too bad courage has disappeared from popular culture.

for others.

You can choose to leave money in big banks still but take most out.

Really moving money out of big banks also sends a signal that you are not a willing participant in their bailouts and that they'd better learn not to gamble with your money just because they think they can.

The movie illustrates the point pretty well.

I have been moving money out slowly.

Also, you can buy Pecious Metals, as the Fed really doesn't like that.

According to Alan Greenspan:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the
way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

One of the best ideas out there - please do your civic duty and bump this!

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I'm reminding people the neat thing about money is you don't have to do all or nothing. So if it's inconvenient to move because of some outstanding check or something, then move half. Overtime, they can move more. Having two accounts is safer anyway. If more of us were to move half, that would be a step in the right direction.

I like knowing my money creates local executives rather than just local tellers. I still receive FDIC protection (the root cause problem). But now I'm not exposed to more risky real estate loans that exist outside of my region.

Smaller banks can be bought out. But we can be vigilant and decide we prefer small, local banks every time that happens. We can reign in "too big to fail"!

I would go one further, Stop giving to Churches and Charities, to force our government to listen to us.

So the MSM is picking it up. At least CNN so far.

... because they will go bankrupt first, when the FDIC still has some money left to bail you out. ;-)

Brown Brothers Harriman Co.
http://www.bbh.com/company/aboutus.html

Brown Brothers Harriman is the oldest and largest partnership bank in America. We are proud of our history, but prouder still of the energy and determination we provide to our clients every single day. Our dedication to prudent, personal services has been our hallmark.

To be bigger is important to some, but for us, nothing is more important than being the best. Our commitment to our clients is to deliver speed, experience, intellect, accuracy, and innovation in everything we do. In short, BBH's service is unparalleled in the industry.

Finally, private ownership also creates a natural alignment of interests between the bank’s partners and its clients. After all, by investing in the firm and in many of its vehicles, the partners have placed their personal capital alongside their clients’ capital. Small wonder then, that in spite of today’s turbulent financial environment, BBH has not only continued to grow, but is in strong financial shape—without any asset-backed securities, credit default swaps, collateralized debt obligations, or other materially impaired assets on its balance sheet. It seems that putting the owners’ money on the line is the ultimate form of risk management.

I prefer not keep any of my fiat in any bank...ever.
In fact, my pension gets deposited on the first, and I like to get there as early as I can on the second.
And holding fiat "cash" is like hanging on to nothing. Invest it in something...anything, as fast as you can.
And I don't mean to play the stock market. Better off to buy those (er-hem) lucky lotto tickets, than to invest in stocks. May as well lose it in Vegas.
These days anyway.
Get yourself some hardware, tools, animals, whatever.
It won't be long now.
~TW

was the worst person in the world to "trust" your money with,He already changed his name once and ran with it all.
HE'S BACK to do it again under a different name,How do I know? I have been best friends with his son since second grade.
Just cash in and take it all out!Get a camp stove and a tent,Don't borrow-Don't owe.

I read an article several months ago that the warehouse that Credit Unions get there money from took TARP money..........I do not have the article anymore but has anyone else read this? I deal with the State Employees Credit Union and wondered if they were part of that group

This is good advice, but I thought I wasn't eligible.

I called 20 CU's. One finally said, well you have to be an employee of blah blah.

"Are there any other eligibilty requirements?"

"Well, if you own an appliance, you qualify"

LOL - DEAD Serious.

MACU.COM

I have my mortgage with i don't believe they have ever had more than 1 foreclosure per year and they have been around for many years. They are a solid bank.

Have you seen this yet?

Chase and Citibank to Drop Out of FDIC Coverage Program
December 23rd, 2009 · No Comments · Banking

Chase and Citibank announced via their websites that they are no longer participating in (Federal Deposit Insurance Company) FDIC Transaction Account Guarantee Program. Both banks are still insured under the general FDIC program, however.

What is the FDIC? It’s the government entity that makes it safer to keep your money in the bank rather than stuff it in a mattress. In the case of a bank failure, your funds deposited in that failed bank are guaranteed and will be returned to you. From the FDIC website:

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.

What does dropping the Transaction Account Guarantee protection mean to you? Actually, you should be pretty scared. Taking a protection away from your hard earned funds is not a good thing. Nor is it a good sign of the health of these banks. Dropping out of the program means that the banks don’t have to be quite as strict with their banking procedures.

Continue:
http://www.creditinfocenter.com/wordpress/2009/12/23/chase-a...

So what about you? Are you going to keep your money in Chase or Citibank (if it’s there)? Are you alarmed by this shift in money protection programs disappearing?