Since the Move Your Money project began, we have been blown away with the response. A year and a half into our campaign and over 4 million accounts have moved away from the nation's largest Wall Street banks, with an additional 7 to 9 million accounts predicted to move by the end of 2011, according to Michael Moebs, CEO of Moebs Services (UPDATE: new numbers suggest nearly 10 million have moved since 2010). In 2010, Bank of America lost 400,000 accounts alone, as customers grew weary of ever-increasing fees, a lack of personalized service and an overall distaste with the largest bank's abusive practices.
Our message has not only lead to millions moving their accounts from the 'Too Big To Fail' banks, but has also inspired local and state governments to take a stand against Wall Street in defense of main street. Below, we list just a few success stories from across the nation:
Our project has also been endorsed by a number of politicians and celebrities including Bill Maher, Michael Moore, Alan Cumming, Sen. Ted Kaufman (D-Del.), Rep. Bob Inglis (R-S.C.), Dan Boren (D-Okla.), Leonard Boswell (D-Iowa) and Representative Jan Schakowski (D-Ill.) went so far as to move her money to a local community bank in her district. View a few of our endorsements below:
Bill Maher encourages you to end the abusive relationship with your bank and break up
Representative Jan Schakowski (D-Ill.) talked to MSNBC's Dylan Ratigan about why she moved her money from Bank of America to her local Devon Bank: "Individuals can do something about it. We don't have to live with these abusers."
Michael Moore lends his support to the campaign as well: