"Move Your Money" is a bad solution

The group urging folks to "move your money" from big banks to small ones says that such moves will show the banks you mean business. Nonsense.

That may have been true many years ago when the government realized that allowing monopolies to exist was bad for the economy. It was also before people like Mayor Bloomberg fought to do away with regulation of the banks , Wall Street, the real estate industry,credit card issuers and the utility companies.

It was also before the Supreme Court decided that corporations were people.

Let us assume you take your money out and put it in a small bank. There is nothing to stop a big bank from buying out the small
bank, and you're back where you started - but worse. Now there are fewer small banks and more people unemployed.

This business of "A" bank becoming "B" bank getting bought out by "C" bank is ridiculous. Each bank changes its rules and you have to play the game of "Do you know where your money is?" Someone like Elizabeth Warren might have brought some common sense to banking regulation but she was never given a chance - forced out by bank lobbyists.