1. BOULDER COUNTY INDEPENDENT BUSINESS ALLIANCE BIBA MOVE YOUR MONEY!!! PRESENTS

2. BOULDER COUNTY INDEPENDENT BUSINESS ALLIANCE MOVE YOUR MONEY!!!

3. BIBA’s Leadership BIBA always on the front lines advocating for our local economy SHOP LOCAL EAT LOCAL BANK LOCAL!!! Now taking lead role in Move Your Money Takes on challenges and supports programs for local businesses Good for Business = Good for Local Economy

4. INTRODUCTION Overview of Move Your Money (MYM) presentation Historical precedents for MYM Benefits of MYM Vision of Possibilities Conclusion

5. Description of MYM Close out accounts in Big Banks Bank Locally Purpose: influence bank lending and investing practices In line with home town values

6. “Move Your Money” & “Local First” Campaigns Bank Local, Shop Local, Eat Local All components of ‘Local First’ campaigns Educate on going local Maximize market share for businesses, banks, & government Direct dollars to local enterprises first

7. Background of 2008 Crisis & Genesis of MYM Banking industry is muddled Local banks affected by underwriting criteria Repeal of Glass-Steagall Act / Banking Act of 1933 Kept commercial and investment banks separate Big banks not lending Greenspan creates cheap money

8. Background of 2008 Crisis & Genesis of MYM… $1.4T subprime loans created 2002-2007 Banks create another $140T of derivatives Bubble burst, credit froze, crisis began Shattered balance sheets, no loans Banks create $14T of exotic securities Wall Street culprits vs. local banks Small bank failures, big banks are bigger

9. The Short Story of Big Banks by Robert Johnson “Taking money away from people who pay you zero, charge you 30% on your credit cards, hit you with all kinds of overdraft fees, and use that money to do proprietary trading and pay themselves big bonuses, and spend $400M on lobbying, why would you want to empower those people?”

10. Support & Protect Our Local Economy Fed up with big banks, big bonuses, big bailouts MYM in OH, WI, CA, OR, NC 1) In 2010, 4 million accounts moved 2) End of 2011, est. 7 to 9 million accts moved Take Action, Move Your Money 3) End of 2012, est. 13-17 million accts moved Bank of America lost 400,000 accts in 2010

11. Why Move Your Money? For the Benefits!!! Get the same services at lower cost

12. Why Move Your Money… Put your money to work growing your local economy

13. Why Move Your Money… Keep decision-making local Back institutions that share a commitment to your community Support productive investment, not gambling More Money Circulating Longer

14. Why Move Your Money…

15. How to Find a Bank or CU & Move Your Money Find a bank, www.moveyourmoneyproject.orgwww.moveyourmoneyproject.org MYM Switch Kit at, www.boulderindependentbusiness.org www.boulderindependentbusiness.org

16. A Vision of Possibilities Imagine a community where financial institutions are free to continually adapt to changing conditions in the local economy instead of having to follow the dictates from far-removed regulators. Imagine closer working relationships between the citizens, businesses and their financial institutions, which lead to more original, creative, even perfect solutions to the needs of the community. Imagine a return to living wages, and one breadwinner per family Imagine households with a savings/debt ratio of 25 to 1 or more, able to pay most budget items with cash

17. A Vision of Possibilities… Imagine most businesses able to internally fund working capital requirements. That was exactly the situation between 1900 and 1910 when 70% of corporate America was funding its working capital and growth from profits. Imagine a monetary system that meets the needs of consumers, industry, commerce and government with ready supplies of cash and credit.

18. A Vision of Possibilities… Imagine stable prices & inflation of under 1% over 100 years Since the Fed’s creation in 1913, USD has lost 95.6% of purchasing power

19. Concluding Remarks Follow economic steps of progress for better quality of life People change when 3 conditions are in place 1) You conclude what you are doing is not working any longer and will not work in the future 2) Formulate new solutions. Paint a new vision of the future 3) You believe it is possible to go from where you are to where you want to be—a path exists Take this first step, begin an enlightened collaboration with our local financial institutions Join BIBA’s Move Your Money Campaign!!!