Comments on: Move Your Money http://dollarsandsense.org/blog/2010/02/move-your-money.html The Blog for Dollars & Sense Mon, 30 Jan 2012 17:20:56 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Anonymous http://dollarsandsense.org/blog/2010/02/move-your-money.html/comment-page-1#comment-472 Anonymous Sun, 28 Feb 2010 16:36:17 +0000 http://dandsblog.wordpress.com/2010/02/01/move-your-money#comment-472 I read Henwood's commentary on MYM. But it misses the point. Yes, money is still money. So, ... just shrug and say 'nothin' I can do about it"?<br /><br />It's what the institutions do with the money deposited in them up to the imposed cap that forces them to move it out of the "local" arena that interests me and then, where does the remaining go. You have to do a certain amount of homework and your final choice may not be perfect; but it can be much better.<br /><br />The robber barons at the big banks just take and take from dollar one. And then, take more via our bail out dollars.<br />Cheri S. I read Henwood’s commentary on MYM. But it misses the point. Yes, money is still money. So, … just shrug and say ‘nothin’ I can do about it”?

It’s what the institutions do with the money deposited in them up to the imposed cap that forces them to move it out of the “local” arena that interests me and then, where does the remaining go. You have to do a certain amount of homework and your final choice may not be perfect; but it can be much better.

The robber barons at the big banks just take and take from dollar one. And then, take more via our bail out dollars.
Cheri S.

]]> By: Dollars and Sense http://dollarsandsense.org/blog/2010/02/move-your-money.html/comment-page-1#comment-473 Dollars and Sense Tue, 02 Feb 2010 15:40:15 +0000 http://dandsblog.wordpress.com/2010/02/01/move-your-money#comment-473 Michael:<br /><br />I hadn't seen that article in LBO--have not gotten around to reading the latest issue, now that Doug is so relentlessly on schedule! <br /><br />I will check it out and post something about it. Certainly it is a consumerist/individualist/voluntarist approach (vote with your money!). But it seems to me to have the potential to piss off the banks and punish them somewhat. But I will see what Doug has to say. Michael:

I hadn’t seen that article in LBO–have not gotten around to reading the latest issue, now that Doug is so relentlessly on schedule!

I will check it out and post something about it. Certainly it is a consumerist/individualist/voluntarist approach (vote with your money!). But it seems to me to have the potential to piss off the banks and punish them somewhat. But I will see what Doug has to say.

]]> By: Michael Engel http://dollarsandsense.org/blog/2010/02/move-your-money.html/comment-page-1#comment-474 Michael Engel Tue, 02 Feb 2010 00:52:31 +0000 http://dandsblog.wordpress.com/2010/02/01/move-your-money#comment-474 Doug Henwood, the intrepid, articulate, and clear-headed editor of the Left Business Observer, asserts that "Move Your Money" is a delusional waste of time and effort based on false assumptions about the banking system. His argument is very convincing. Check out his article in the current issue. Doug Henwood, the intrepid, articulate, and clear-headed editor of the Left Business Observer, asserts that “Move Your Money” is a delusional waste of time and effort based on false assumptions about the banking system. His argument is very convincing. Check out his article in the current issue.

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