New Mexico State Legislator Introduces Bill To Move State's Money

[Quixote1818]

New Mexico state representative Brian Egolf has introduced a bill to move the state's money out of Bank of America and into banks and credit unions chartered in New Mexico.

"I saw the Move Your Money video the day it came out and thought it made a lot of sense," Egolf told HuffPost.

So the Santa Fe Democrat wants to move as much money as he possibly can -- that would be $1.4 billion.

More at:


http://www.huffingtonpost.com/2010/01/22/new-mexico-state-legislat_n_433325.html

Would like to see a lot more states do this!

[Goldstein1984]

1. I'd rather see a run on the big banks, but...

slow and steady divestment can get us there, too.

[begin_within]

2. I'm in the process of moving my tiny stash out of B of A

and into my credit union. So much better of a deal too.

[Raineyb]

3. Me likey!

That makes a lot of sense.

[Quixote1818]

4. Thom Hartman was talking about states doing like North Dakota did by starting their own

state bank. Makes sense to keep the money in state!

[Quixote1818]

5. If states start doing this Banks will most certainly feel it. nt