“Lookin’ Like a Fool With Your Money in the Bank”
March 3, 2010Jon Brooks Comments OffI was in my credit union to do some banking recently and I asked the guy helping me if he’d seen an uptick in new customers lately. “Definitely,” he said. “A lot of people are coming in from the big banks, because they said they read about doing it on the Web.”
Two months ago we did a post about the Move Your Money site, a project started at the Huffington Post with the goal of encouraging people — and in some cases universities and even cities — to move their money from the big financial institutions at the heart of the 2008 financial crisis to local credit unions and community banks.
Since then, some in the media have caught on to the story, and the Move Your Money Facebook page has grown from 5000 to 33,000 fans. (One person not a fan, apparently: Timothy Geithner, who said he didn’t think this was a good idea when asked about it during an interview with Politico. Start watching at 3:40.)
There’s also a contest afoot to come up with the best song called “Lookin’ Like A Fool With Your Money In a Bank,” based on Larry Platt’s “Pants on the Ground” audition for “American Idol.”
Two entries:
Clearly, Geithner hasn’t seen these yet, or he wouldn’t be such a sourpuss.
