Can Moving Your Money Make a Difference? Stacy Mitchell on KALW
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/can-moving-your-money-make-difference-stacy-mitchell-kalw/Stacy Mitchell, senior researcher for ILSR, joins Rick Hoffstetter, the President and CEO of Lighthouse Bank to discuss the national Move Your Money campaign on KALW in San Francisco.
The "Move Your Money" movement calls on people to take their deposits out of the big banks and put them in smaller banks that work at the community level. How much money would have to move to significantly bolster the small banks?