Arianna Huffington Behind Campaign To Pull Money From Megabanks And Go Local

Move Your Money WWW

Arianna Huffington (of Huffington Post fame) is on a crusade.

She wants to bring local savings and loan banks back into popularity with a new website called Move Your Money.

The website features a crafty propaganda-style video that argues in favour of the S&Ls and tries to point out that they’re not responsible for the recent mortgage meltdown.

Baiscally, it’s a way of protesting the Too Big To Fail, bailout-dependent zombies with your dollars.

Fair enough, but what Huffington’s fans should bear in mind is that during the 1980s, nearly every S&L was engaged in gruesome, dumb practices as engaged in Michael Lewis‘ “Liar’s Poker.”

That being said, Move Your Money seems to have good intentions.

A search bar lets you enter your zip code and find local banks in your area that are rated “B” or higher by the IRA Bank Monitor. It’s essentially a financial crusade of sorts mixed with data aggregation. Either way, we wish Ariana the best of luck with her latest venture.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.