Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Move Your Money!

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Today, I put my money where my mouth is. Literally. No, no, wait – figuratively. Well, my point is that I took action based on a principle. Specifically, that big banks are evil and should be avoided.

Some of you may have heard of MoveYourMoney – – I was told about it a few weeks ago. The basic premise is that, between the bailout and the risk they entail, big banks are bad news for citizens of Earth, like us Slopers here, and it's time to move your money out of your big bank and into your local community bank.

Now, I've been with Bank of America for decades, and although I liked the idea of MoveYourMoney, my initial reaction was that it sounded like a bit of a pain. I mean…….new checks, new ATM card, changing auto-pays, and all the rest of it. But it kept gnawing at me, because I felt it was the right thing to do, and today I took the plunge………..

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Now, the fine chap on your left is your humble narrator, and the fellow on your right is Tom Fehrenbach of Borel Bank. So for my fellow Bay Area citizens, Borel Bank – which received really high ratings from the research I did – has branches in Burlingame, Palo Alto, Los Altos, and San Francisco. Please call Tom at 650-463-8717 or email him at [email protected] if you're interested (and, no, I'm not getting anything for referring folks his way; come on!)

For those not in the Bay Area, MoveYourMoney has a handy Find a Bank link. This will help you find a bank in your own community.

The bottom line is this – there's no shortage of huffing and puffing on Slope about the banks. If you're serious, then do something about it! My account isn't going to mean that much to Bank of America, but it's six-figures large, and that means there's a seven-figure amount that they can no longer lend out (ahem, not that they're lending much anyway these days). Take action! Leave your big bank! Take a stand! Move Your Money!

Blankfein – Bigger than Jesus!

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As reported here yesterday, the CEOs of three investment banks, including, of course, Goldman Sachs' Lloyd Blankfein, decided to give the most powerful leader in the world a big ol' F.U. by blowing off their scheduled meeting. The bankers that did show up made a patronizing gesture of getting there via Amtrak, personal cars, and other middle-class modes of transportation. I'm surprised one of these zillionaires didn't take Greyhound, just to show he's just like us reg'lar folks.

Blankfein et. al.'s excuse of "inclement weather" made it even more insulting, since there was just a little fog in the air. Wow. That takes some serious chutzpah, Lloyd. You better hope there isn't another time in the Obama administration that you need the man's help.

Anyway, it made the front page of the New York Times' business section:

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