It’s time for citizens to take power into our own hands. Let’s move away from the too-big-to-fail megabanks and use our locally owned banks and credit unions.

Congress has been unwilling to act and reregulate the too-big-to-fail megabanks. Instead, they have given 16 trillion of our taxpayer dollars to the banks. The banks have continued their culture of corruption and continued to pay perks, bonuses and huge salaries to executives, foreclose on mortgages, and make fewer loans while citizens have lost their life savings.

Banks hawked worthless mortgages to pension funds and committed other acts of fraud. Few bank executives have been held accountable and brought to trial.

It takes effort and planning to move our money, mortgages and the like, however, we pay through our taxes for these too-big-to-fail banks.

We, the following Davis and Woodland residents, have closed or are in the process of closing our accounts with the big banks. We have transferred our money and business to locally owned banks and credit unions where we can often find fewer fees, more savings and better personal service.

The IRA Institutional Risk Analysis has rated the health of many local banks and credit unions. Look for the products and services you need most. The Federal Deposit Insurance Corporation insures small and large banks to $250,000. Check specific products, however.

Please join us in doing business with locally owned banks and credit unions. Move your money.

Linda Birse, Henrietta Bruun, Doyle Burnett, Mary Delfin, Dale M. Heckman, Steve Hamilton, Alan and Jean Jackman, Judith MacBrine, Rosalinda Martinez, Reeda Palmer and Jean Risley

Davis and Woodland

Comments

comments