Green Options

As our country is mired in creative destruction, a massive grassroots effort is spreading throughout our nation that can help to positively reshape our economy. Millions of people are moving their money from huge, self-serving corporate banks into locally owned community banks and regional credit unions. The Move Your Money Project is growing faster than our country’s rapidly increasing unemployment numbers.

Filmmaker Eugene Jarecki directed this Move Your Money video, utilizing the classic “It’s a Wonderful Life” as a metaphor for how our banking system has deteriorated.

“People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis.“

“You can’t call yourself a think tank if all of your ideas are stupid.”

-Bill Maher

This column highlights the top economic stories of the week.

There is no gold left in California. Governor Arnold Schwarzenegger is threatening to layoff fire, police, and teachers. All of this is certain to further  increase unemployment and foreclosure rates. Schwarzenegger is now considering releasing nonviolent prisoners, shortening the school year, legalizing and taxing marijuana. Fred provides a unique perspective on the Click to Continue Reading