“Move Your Money” Update: Rob Johnson Talks With American Entrepreneur
Thursday, 04/8/2010 - 11:30 am by Tim Price | 3 CommentsThe American people are taking charge, and the mega-banks are taking notice. Since last December, the Move Your Money campaign, led by a group including the Roosevelt Institute’s own Rob Johnson, has been urging Americans to move their money out of “Too Big to Fail” banks and into local community banks and credit unions. Recently, Rob joined Ron Morris, host of the American Entrepreneur radio program, and Chuck Leyh, head of Enterprise Bank, to discuss the movement’s stunning success and the impact that it is having on the banking sector. You can listen to the full interview here.
If you’re interested in learning more, check out the Move Your Money website, where you can read about the origins of the campaign, view testimonials and instructions for moving your money, and locate a suitable bank or credit union near you.
For the much of America that does not have bandwidth to WATCH interviews, posts like this, without a summary a t least of the meat of the interview, are a frustrating waste of time.
Posted by Gerry Straatemeier | April 8th, 2010 at 3:16 pm
Gerry - I’ve been following this campaign closely and had a chance to listen. Johnson said that his idea for the campaign began in 2009 when we witnessed the recovery of the banks with the help of the bailouts. He was disturbed that after a crisis, with 10% unemployment, “these guys, for selfish reasons, were trying to block derivatives reform.” As an expert on derivatives, Johnson knew that this meant that the banks were completely unreconstructed and bent on continuing to bilk and jeapardize Americans with their ‘innovations.’ He noted that people are feeling humiliated by the banks and pointed out that the rage is valid when people are getting charged 30% on their credit cards and get nothing on their savings while the bankers get huge bonuses. “When the system is wrong, the rage is valid,” he said. Johnson is a man to follow - he knows what he’s talking about.
Posted by Nellie | April 9th, 2010 at 10:13 am
Gerry,
Sorry the post wasn’t to your liking. In the future, we’ll try to make sure we include more detailed synopses for readers like you who aren’t able to listen to the full interview.
Posted by Tim Price | April 13th, 2010 at 12:59 pm