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Thursday, April 02, 2009

Pissed Off at the Corporate Banking Industry? Here's an Easy Way You Can Hurt Them

The strange thing is that others in the administration, particularly those tasked with straightening out the auto industry, are taking the opposite -- and correct -- tact. They fired the head of GM and cleaned out GM's board of directors for good measure.

That's how you begin fixing stuff that's broke -- first you get rid of the folks who broke it. What you don't do is hand them billions of free bucks, a hearty slap on the back and a rousing "Now, go get 'em tiger!" (Because they will.)

And just how are you going to force such a change? It's just this simple:

1) If you bank with any of these money center banks, withdraw your funds immediately

2) Go to this site and find an independent community bank in your area and deposit your funds there instead. (Credit unions are another excellent and safe alternative to banking a money center bank.)

That's it. That's the whole enchilada. The outflow of what bankers call "retail funds," if large enough, will become the final straw that breaks the backs of these bulls in our fiscal china shop.


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