If a company is doing business in a way I don't like, or gets themselves in a "negative" situation, I simply stop doing business with them, and consequently move on to a company that has proven successful and responsible. I think alot of you think the same way.
So, what would happen if people that have checking, savings, and/or money market accounts with these big guys (BofA, Wells Fargo, Citi, Chase, etc.) just closed those accounts and moved them to a locally-owned/managed bank or credit union that has been proven stable? It seems like those big boys would become much smaller, more manageable, and - gasp - humble even maybe, and I'm thinking that would be a good thing.
Who you entrust to hold your money is your choice. Why not reward the guys who have acted responsibly by opening accounts with them? Yeah, it's a bit of a hassle. It might take you some time to accomplish, or it might mean you re-do your online bill-paying, have to go a little further for an ATM, but I think the effort would be worthwhile and send a huge message.
And here's the thing -- as long as you have accounts in the big guy's institutions that continue to suck up our taxes to pay their overblown salaries, you don't have much room to complain about how they act.
Power to the consumer.
.JPG)
No comments:
Post a Comment