Move your Money!

These is a lot of talking about how mad we are that the big banks are paying out strongBillions/strong of strongDollars/strong in bonuses when they had their hands out just a year ago. Remember, they were telling us they needed the governments help to even survive. In fact, they were so convincing that they scared Congress into doing what they wanted with no strings attached.

Now a year later, they are telling us they made records profits and the executives deserve to be paid for their hard work. Now some folks are calling this one of the greatest frauds perpetrated on the US. Bill Black, a former government official during the Savings and Loan crisis laid this case out on the Business Matter’s program titled, “Cronie Capitalism” . Could be. But it doesn’t look like anyone in Washington is going to do anything substantive about this. Sure there’s hand wavering and lots of talk, but no real legislation and the dollars from Wall Street firms and big banks continue to flow in to the campaign coffers of both political parties.

But don’t despair. Maybe there’s something we can do about it. Something that doesn’t require the President or anyone in Congress to do anything. Something that can have a profound affect. What would that be, you may ask?

Over the holidays a group of people that included Ariana Huffington of the Huffingon Post were talking about what they could do about this clear inequity. They decided to start a campaign to recommend that people move their money from the large banks who has taken our taxpayer dollars to enrich themselves while failing to help homeowners or small businesses.

Take this money and move it to financial institutions that are part of the solution. The movement is called Move Your Money. It encourages people to move their money from the big banks to credit unions and community banks.

I know how convenient it is to have you account at Bank of America or Chase or Citibank, I was stuck in the convenience situation myself. But I realized that I am part of the problem unless I take action personally. So I did, I opened my personal and business accounts at a local community bank.

Some will ask are they safe? When you look at the problems of the financial crisis, you don’t find credit unions or community banks holding Credit Default Swaps or packaging up mortgages into securities and loosing contact with their customer. Sure profits may be down, but they still do business the old fashion way – face to face. They know you and you know them.

I am encouraging you to consider taking action. Find out more about this movement. Go to the website and see what others are doing and saying. See if it this feels like the right thing for you to do. Remember that you can make a difference .

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Author: Thomas White

Over the past thirty-five years, Thomas White has created and led private and public organizations that initiated breakthroughs in areas as diverse as computer software, publishing, printing, market research, leadership development and organizational change. The common ingredients in his success are simple. He looked beyond the limitations that others believed and found real solutions to needs that business leaders have. He attracted the best talent to translate these innovative solutions into practical products and services that were of high value to customers. He created cultures where people love what they do, work at their best and produce extraordinary results. In addition to his role as a business leader, Thomas has been a pioneer and inventor of technologies in the computer-networking field. He is a patent holder for innovations in business process and workflow technology. As part of his passion for educating others about the interface of human and computer systems, he was the co-author of “New Tools for New Times, The Workflow Paradigm”. He has also written articles for numerous publications. In 2001, he turned his attention from leading companies to supporting leadership teams in creating organizations of excellence. After many years of being a part of the machine of change, Thomas recognized that business is the most powerful force in the world. It has a major impact on public policy and governments everywhere. It is a key influence on how we use our resources and sets an example of the values that shape communities from local to global. He formed the consulting firm of Profoundly Simple to be a guide for exemplary leaders - leaders who wisely uses the power they are entrusted with to serve their constituencies first and themselves second; leaders who know that it is good business to treat people with respect, honor the environment and act with impeccable integrity – leaders who inspire greatness in those around them and by doing so create great organizations that are notable examples of success. Feeling the itch to get back into the game again, Thomas joined with two long time friends, to start the C-Suite Network. This network of business leaders offers an online network, events, services, and insights to its 500,000 member community. In addition, the C-Suite Network produces and distributes television and radio content to an audience of over 5M per month

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