I admit to a bit of laziness on my part.  I liked the idea of taking what painfully little money I have in the big bank and going to a local bank, but never got my stuff together to do it.

I don't feel as guilty as I should after reading this:

Money is fungible, protean, and highly mobile even when it looks locally rooted. That very mutability is part of what makes money so valuable: it’s the ideal form of general wealth that can instantly be turned into caviar, lodging, Swedish massage, or shares of Google.

There's that fungibility-thing again.

In other words

Getting banks under control is a matter of politics, not individual portfolio allocation decisions.

And good luck to us with all that...