AirTalk for March 10, 2010

A look at the Move Your Money campaign

Mercer 6387

Alex Wong/Getty Images

WASHINGTON - MARCH 09: A man carries a props money bag during a rally at the Lafayette Square March 9, 2009 in Washington, DC.

It’s hard to imagine anything more unpopular than the recent bank bailouts. After grabbing $700-billion in federal TARP funds, many of these supposedly “too big to fail” banks turned around and slapped higher fees and interest rates on their customers, while continuing to reward their executives with lavish bonuses. Now, HuffPo’s Arianna Huffington is urging customers to move their money out of behemoths like JP Morgan, Citi and Wells Fargo, and into smaller, community-oriented banks. Can this campaign limit the power of big banks and foster a more stable financial system? Or are Wall Street Titans too big to bend? Are you feeling betrayed by big banks? What are you doing in response?

Guests:


Arianna Huffington, co-founder and editor-in-chief, The Huffington Post

Dennis Santiago, CEO of Institutional Risk Analytics, and a partner in Move Your Money

Chris Thornberg, Principal, Beacon Economics


blog comments powered by Disqus