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Bank Transfer Day Won't Hurt Big Banks - Why You Should Switch Banks Anyway

Thursday, October 27, 2011 - 4:53 PM
From MarketWatch
Before you decide to switch from the nasty TBTF [too big to fail] bank, don't think for a single moment that you will be hurting that bank by moving your account to a Community Bank (CB) or Credit Union (CU). Deposits represent about 50% of TBTF funding, and consumer deposits represent a very small fraction of those deposits.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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