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SMALL-MART REVOLUTION CHECKLISTFourteen Items for Investors

  1. Bank Local. Favor local financial institutions like credit unions, small thrifts, and small commercial banks, and especially make sure your biggest loans—for your home, car, and college—come from them.
  2. Multiply Local Banks. If you can’t find a good local bank, help start one; credit unions are the easiest and cheapest.
  3. Localize Mainstream Banks. Use the Community Reinvestment Act to evaluate how well nonlocal banks are recirculating your savings locally and to pressure them to improve their performance.
  4. Cut Up Credit Cards. Remember that nearly all credit card processing is nonlocal and wastes precious local money on nonlocal high-interest payments.
  5. Expand Small Business Loan Funds. ...

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