Cities need to move their money
Two weeks after Portland mayoral candidate state and Rep. Jefferson Smith publicly challenged Portland to move some of its money to local credit unions, Mayor Sam Adams this morning said he would pursue the cause.
The mayor's comments came during the public testimony portion of Wednesday's regular Portland City Council meeting and follow on the heels of the Occupy Wall Street movement and related protests against national banks.
When Portland follows through, it will cost Wells Fargo tens of millions of dollars.
Smith, who is a rockstar in the making (seriously, remember his name) is running for mayor of Portland. He certainly does himself favors by embracing Move Your Money.
Read the full article here. Discuss below.
Posted on Nov. 17, 2011
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