Money movers and Occupy Wall Street shakers rattle US banking world

November 05, 2011 20:22

In a national effort to make the so-called one per cent listen, hundreds of thousands of people have withdrawn money from leading banks in the United States. National Bank Transfer Day may be a grassroots movement – but it’s definitely making a move.

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Comments (9) Sort by: highest rating oldest first newest first

Bob Loblaw 15.11.2011 07:47

i blame the lizard people. the aliens that live underground and eat our missing children.

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Dave (unregistered) 07.11.2011 18:49

MEJanssen (unregistered) wrote in #2
I heard on the radio somebody from a credit union marketing group, who tracks numbers nationwide, say that about 650,000 new accounts had come to the national credit unions in a week.  That was more than the average 600,000 new accounts per year that are reported.  And that is just credit unions.  The same interview quoted somebody from the community banks group who said the small community banks had also seen an uptick in new accounts.  And that was before Saturday, so who knows how many people will finally 'get it' and switch their money to a local bank or credit union.  Maybe 1 million accounts?  That may not be much against 30 million, but it is enough to make a point to the big boys.It is way past time for all those "Mr. Potter" types at the big banks to get their comeuppance. &nbs p;  It is actually making a good point considering the banks leverage every dollar 10x1 and some corrupt banks were found leveraging as much as 48x1. So far that could be anywhere from 45 to 216 billion off there books and growing.

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RM (unregistered) 07.11.2011 04:42

I don't like her tone. When she refers to OWS I don't think she's making the distinction between revenge and justice. And I don't think the goal of justice is to "hurt anybody."

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Sammy Smitts 06.11.2011 16:17

Why do people forget we live in a failed socialist country that benefits the rich? If we lived under a standard socialism things might be better than they are now. It would be better if this was an actual Democracy as well. But instead we have a broken hybrid system that is very top heavy.

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Billy Jones 06.11.2011 14:24

Okay, here's an analogy even a retired DEA agent should be able to understand.

A s a general rule, agencies like the DEA tend to concentrate their efforts on drug dealers instead of drug users. Occupy is using the same strategy-- sort of. Yes, we agree that Washington is a big problem but Washington has become such a big problem because Washington is addicted to a drug called, MONEY. This addiction is in the form of graft, bribery, payola and most commonly, campaign contributions.

The primary source of this drug we call, MONEY, is a place called Wall Street and corporate board rooms. So rather than wasting time going after addicts we commonly call, politicians, Occupy Wall Street and the rest of the Occupy Movement have decided to quit wasting our time going after the addicts (politicians) and concentrate our efforts on going after the pushers of the drug we call, MONEY. You know, Wall Street.

Wait, what's that noise? Oh, that's just the peas rattling around inside the heads of Tea Party Supporters who are asking each other, "Why didn't we think of that?"

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FPisa 06.11.2011 10:50

Can Social Threefolding be the answer to these problems?

http://en.wikipedia .org/wiki/Social_thr eefolding


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D. Lawrey 06.11.2011 04:43

If the OWS is a "socialist" movement...where is the line for my hammer and sickle comrade?

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MEJanssen (unregistered) 05.11.2011 20:58

I heard on the radio somebody from a credit union marketing group, who tracks numbers nationwide, say that about 650,000 new accounts had come to the national credit unions in a week.  That was more than the average 600,000 new accounts per year that are reported.  And that is just credit unions.  The same interview quoted somebody from the community banks group who said the small community banks had also seen an uptick in new accounts.  And that was before Saturday, so who knows how many people will finally 'get it' and switch their money to a local bank or credit union.  Maybe 1 million accounts?  That may not be much against 30 million, but it is enough to make a point to the big boys.It is way past time for all those "Mr. Potter" types at the big banks to get their comeuppance.

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morris wise 05.11.2011 20:41

The most scientific way to discover the extent of hunger is to check out the fast food dumpster at KFC. I do this quite often and find i am the only one present. But this is not a total waste because I love the coleslaw and mash potato`s.

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