They love to make lots of noise but never take action. ie: Lots of noise about Big bank bailouts etc.. but they do not vote with their wallets. There are tons of Credit unions and smaller banks that they could move their deposits and business. Just imagine of Everyone decided to take their cash/business from C,BAC,JPM and move it to smaller entities. I bet that would have more of an impact than standing around in tea parties yelling about obamas birth certificate.
http://moveyourmoney.info/ I've moved $80k in the last 6 months from Bank of America to smaller regional banks. I've also changed my withholding payroll deductions to a much less generous (to the government) and more accurate (to me) amount in tax withholding. Starve the beast.
All my little chump change is already in local banks. I would stick it under the mattress before BAC or similar got their itchy fingers on it.
You think America's hoi polloi are any more cowardly than the rest of the world? You think we're financially sophisticated to do ANYTHING beyond "charging it". We elected Obama. How smart can we be?
Sigh .. balloon pop ... I didn't vote for him ... but forgot that the drones did. <object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/s3_jh2dO78U&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/s3_jh2dO78U&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>
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