Dave Meinert has owned small businesses in Seattle since the 1990s. In this brief interview, he shares why he's moving his money.
First and foremost because I am sick of the way banks are influencing American politics and crafting rules and legislation that benefits their profits while risking my money and the American economy. I am sick of hearing about their corrupt practices, from laundering money from Mexican drug cartels, to discriminatory lending practices.
I also want to know that my money is being used to help local small businesses, and Chase and Bank of America are hoarding their profits instead of reinvesting into the local economy. I want a bank whose president will visit my business and who I can speak with personally if I have a problem. A bank like Seattle Bank offers that to me. The large banks are faceless, heartless corporations whose CEOs care more about their million dollar bonuses and quarterly profits for their stockholders than my business, my employees, and my community.
3) What's your call to action for other small business owners who are banking with the big banks?
I might add that I no longer feel good about supporting any businesses that are “publicly traded” on any stock exchange anymore. They have become manipulators, greed driven, bottom line prostitutes. They pollute our democratic processes and our environment at will and they no longer represent my values.
I am currently looking to change out my 30 year mortgage loan from Wells Fargo to someone else.
What would like to get some input from the support group here.