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For Conservative and Moderate Pagans
How You Can Make A Difference 
2nd-Jan-2010 10:16 am
Dragonfly Moon
Interesting article with a surprising conclusion how we as individuals (regardless of political affiliation) can make a difference in the current economic mess and circumvent the government/big business (pick your favorite villian).

Move Your Money: A New Year's Resolution
an excerpt:
..."We talked about the outrage of big, bailed-out banks turning around and spending millions of dollars on lobbying to gut or kill financial reform -- including "too big to fail" legislation and regulation of the derivatives that played such a huge part in the meltdown. And as we contrasted that with the efforts of local banks to show that you can both be profitable and have a positive impact on the community, an idea took hold: why don't we take our money out of these big banks and put them into community banks? And what, we asked ourselves, would happen if lots of people around America decided to do the same thing? Our money has been used to make the system worse -- what if we used it to make the system better?"

Where's your money? Are you contributing to the problem?
2nd-Jan-2010 07:03 pm (UTC)
community banks aren't making loans either.(I suspect) We had our mortgage with one, Trustmark, they were a lot more Conservative, due to they have more to loose.

On the other hand they did fund the Autism soccer thing, and many small town activities.

I do not also know how much of the not loaning is due to new Fannie mae and Freddie Mac standards either. We could do with a Mortgage broker in this conversation, they would know more about this.
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