New Mexico House Votes 65-0 To Move State's Money To Credit Unions, Community Banks

[Fire Walk With Me]

http://www.huffingtonpost.com/2010/02/09/new-mexico-house-votes-65_n_456043.html?ref=fb&src=sp&comm_ref=false

First Posted: 02- 9-10 07:45 PM | Updated: 04-11-10 05:12 AM

New Mexico's House of Representatives voted Monday to pass a bill that allows the state to move $2 billion - $5 billion of state funds to credit unions and small banks.

The municipal funds bill was approved 65-0 (roll call - PDF), and is subject to a vote by New Mexico's Senate. Governor Bill Richardson told the bill's sponsor that he supports the legislation.

Credit Union Times, spoke to one banker who believes that the bill got a boost from Huffington Post's Move Your Money campaign:

[tabatha]

1. That is kicking ass.

[begin_within]

2. Awesome

[Luminous Animal]

3. Wow! Just wow!

[Chemisse]

4. That is awesome! n/t

[DURHAM D]

5. So this happened a year and nine months ago.

Why post now?

[MrSlayer]

6. To show that they were ahead of the curve?

Perhaps. It is kind of relevant today considering bank transfer day and all.

[ellenfl]

7. i wonder if their repub guv has rescinded that. eom

[demosincebirth]

8. I didn't know Richardson was still Governor of NM.

[DLnyc]

10. He's not. Term ended 1/1/11.

http://en.wikipedia.org/wiki/List_of_Governors_of_New_Mexico

[Fumesucker]

9. (Diabolical Laugh) Yesssss!!!!

.Suck.On.This. Wall Street.

:woot:

[lonestarnot]

11. That fucking just ROCKS!

:yourock: NM!

[Dragonbreathp9d]

12. I'm surprised- places like Farmington are so right-wing they call Santa Fe

"The people's republic of Santa Fe"

[2pooped2pop]

13. very cool n/t

[lonestarnot]

14. kickedy!

:kick:

[bluesmail]

15. I've had my money in a credit union since 1974,

and am very proud of it.

[Remember Me]

16. Now THAT's what I'm talkin about --

altho, the idea strikes me that some of them may be looking at somewhat smaller, thinner campaign chests. SMALL price to pay.