The movement to bring your dollars home so your local banking institutions can re-invest in local initiiatves is taking off. Check this link to read more about it and find local banks in your area (by zip code) that are rated A or B for soundness. http://www.moveyourmoney.info
The initiative encourages account holders to withdraw their money from big, mismanaged banks and move your funds funds to smaller, better-managed community banks--institutions that are still lending. Not institutions getting rich off your tax dollars handed out as obscene bonuses to CEO's or invested in the global securities market.
In this article, Arianna Huffington explains how community banks are more likely to lend to small businesses which will actually help create much needed jobs and pay for local infrastructure with their taxes. For every dollar you give to a Big Box Bank (interest on loans or your funds on deposit) the state where that bank has it's headquarters gets the benefit. Since many banks are headquarted in states with very lenient tax laws for corporations, like Delaware for example, they are supporting the tax base in the state where they file their corporate taxes. For every dollar invested in a local business, that dollar continues to circulate, pay for roads, schools, create jobs and return multiplied value to the regional economy.
Huffington Post would love to post your comments and stories on their site. "Move Your Money" is not a money making venture. It was started by a couple of friends over dinner discussing ways to limit the abusive political power of the biggest banks, a problem that has roots in American history going back to the 19th Century.
Here's a Time article celebrating Move Your Money: http://curiouscapitalist.blogs.time.com/2010/01/06/three-cheers-for...
Please share this link with your friends and family: http://www.moveyourmoney.info
DISCLAIMER: As a local broker/banker I represent a wide range of banks, both regional and national. The choice of mortgage source should be based on your financial goals, the best product, price and your personal preferences. Like any investment -it's your choice!