Here’s the idea.

If enough people who have money in one of the big four banks move it into smaller, more local, more traditional community banks, then collectively we, the people, will have taken a big step toward re-rigging the financial system so it becomes again the productive, stable engine for growth it’s meant to be. It’s neither Left nor Right — it’s populism at its best. Consider it a withdrawal tax on the big banks for the negative service they provide by consistently ignoring the public interest. It’s time for Americans to move their money out of these reckless behemoths. And you don’t have to worry, there is zero risk: deposit insurance is just as good at small banks — and unlike the big banks they don’t provide the toxic dividend of derivatives trading in a heads-they-win, tails-we-lose fashion.

Think of the message it will send to Wall Street — and to the White House. That we have had enough of the high-flying, no-limits-casino banking culture that continues to dominate Wall Street and Capitol Hill. That we won’t wait on Washington to act, because we know that Washington has, in fact, been a part of the problem from the start. We simply can’t count on Congress to fix things. We have to do it ourselves — and the big banks are the core of the problem. We need to return to the stable, reliable, people-oriented approach of America’s community banks.

Details at MoveYourMoney.

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Will government be forced to nationalize banks?

How strange is politics?

In an exchange on ABC’s This Week, two Republican congressmen, Sen. Lindsay Graham and Rep. Peter King, both stated that the economic crisis might force the government to nationalize the U.S. banking system.  What?!!?  Two fiscal conservatives calling for the possible need for major government intervention into the private sector?

Graham said, “This idea of nationalizing banks is not comfortable.  But I think we’ve got so many toxic assets spread throughout the banking and financial community, throughout the world, that we’re going to have to do something that no one ever envisioned a year ago, no one likes.”

To make the situation even more bizarre was that opposing the nationalization of banks was Democrat Senator Chuck Schumer who said, “I would not be for nationalizing.  I don’t think government is good at making these decisions.”

Also, earlier this week, President Obama voiced his opposition to nationalization when he said, “We want to retain a strong sense of that private capital fulfilling the core — core investment needs of this country.”

Story and video can be found here.