Should You Move Your Money To A Community Bank?

On the eve of the Financial Crisis Inquiry Commission's first day of hearings, where the CEOs of four of America's largest banks are scheduled to testify about the banks' roles in the financial meltdown, Bill Maher explains why you should move your money out of a "too big to fail" bank like Citigroup Inc. (NYSE: C) or Bank of America (NYSE: BAC) and put it into a local community bank or credit union.

According to Maher: "This is not a conservative idea or a liberal idea. It's not left or right. It's populism at its best."

The concept of ‘Too Big to Fail’ in terms of banks has created holy cows of some of the largest banks in the US, which had their hands (hooves?) deep in murky deals that precipitated the global financial crisis. It is high time that measures are taken to get these giants in shape and make them set their house in order quickly.

Personally, I think that for creating a recession that led not a few people to jump from rooftops reminiscent of famous 1929 era Depression pictures, a bunch of these CEOs and Lordships should see some jail-time to cool off and get real.