Saturday, November 5th is Bank Transfer Day - Move Your Money Out of 'Too Big to Fail'
From Democracy Now -- Move Your Money: Campaign Grows to Divest from "Too Big to Fail" Banks to Local Banks, Credit Unions:
As participants in the Occupy Wall Street movement continue protesting the record profits made by banks bailed out by taxpayer money, a group of grassroots activists are hitting America’s largest banks—including JPMorgan Chase, Bank of America and Wells Fargo—where it hurts most: the wallet. Dubbing this Saturday, Nov. 5 as "Bank Transfer Day," activists are urging people to move their money out of the banks deemed "too big to fail" into local community banks and credit unions. Bank Transfer Day draws on an idea popularized by filmmaker Eugene Jarecki, economist Rob Johnson and columnist Arianna Huffington, among others. In 2010, they created the short film called "Move Your Money," which became a viral sensation. We speak with filmmaker Eugene Jarecki.
And here's more with some info on how to find a local bank or credit union in your area:
AMY GOODMAN: An excerpt of Move Your Money. Eugene Jarecki made that film. And where are we today?
EUGENE JARECKI: Well, we’re in a wonderful new world. I mean, there is a lot of stuff happening around this country. For example, this Saturday, November 5, is the Bank Transfer Day. That’s a—I woke up one morning, read the paper that people were doing something called Bank Transfer Day. What is it? It’s a day where you move your money. You take your money out of the "too big to fail" banks that have so damaged the American people and so benefited at our expense, and you move it into small community banks, credit unions.
And there’s a way to do that. You can go to moveyourmoney.info, and you can type in your zip code, and you can learn about banks in your area that are good, that are sound, that are small, that are, you know, in the interest of your community.
But what’s amazing is, things like Bank Transfer Day, these activities that are happening, they’re happening with a life of their own. You asked me when I came on the program, am I sort of involved or responsible? No. This is happening all over the country. It’s happening in a viral kind of way, in a way that’s very hard to stop. And I think it’s because people find the idea exciting. They find it morally right. And they know it’s in the interest of the future. And they’re doing it. And I think everybody should come out on Saturday and move their money, absolutely. It’s a big deal.
AMY GOODMAN: Eugene Jarecki created the short film Move Your Money in 2010 that went viral. And now that’s what a lot of people are going to be doing this Saturday, November 5th.
It's so easy to move your money. So easy that we wrote a quick song to help folks in the process.
http://youtu.be/KC8DIETX--k
Enjoy and share!
Weeeeeeeeeeee. Let's go!
far left loon >.<
It's not going to do much, if anything at all.
Do you remember the headlines back a few months ago -- Banks were charging their biggest customers a 'storage fee' for their currency/money.
They don't WANT your money. They WANT your signature.
Moved my money 2 years ago. (After JP Morgan Chase took over Washington Mutual.)
Religion will be the downfall of Humanity.
but better late than never.
(actually) ...any OWS protester that actually has anything more than a "symbolic" amount of money in a big bank account should be ashamed.
audit-prosecute-incarcerate
I moved over $10k out of JPMorgan Chase that day in November 2009. I was disgusted with the whole lot of the too-big-to-jail banks even back then.
Religion will be the downfall of Humanity.
I moved mine the day Wells Fargo announced they were going to charge me to use my own money
This is great because although the SCOTUS would have us believe the banks are people, they are not, and the only pain they feel is money pain.
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
fail
audit-prosecute-incarcerate
The banks are the monster whose life blood is money.
Why would you have a Bank Transfer Day on a Saturday when most banks and local credit unions are closed? As well, why not pick a day that isn't close to the beginning of the month or the end of the month when it's a bit slower and they can accomodate an influx of people?
symbolic day.
google
"the fifth of november"
...and consider yourself enlightened!
audit-prosecute-incarcerate
I know the day, I've seen V for Vendetta. It still doesn't make any sense logistically.
I opened a new account at a local bank with a $500.00 check from my existing checking account. Then after the check cleared and the new account was established, I set up my new bank account as a payee in the 'bill pay' of my old bank's online banking website. Then I just paid myself the balance from my old bank account (I actually left about a hundred bucks in the old account, just in case) to my new bank account (less any outstanding checks or ATM/credit card purchases).
After everything cleared (about a week later) I walked into my old bank and closed my account. They gave me what was left in my account in cash.
Done and done.
Religion will be the downfall of Humanity.
If you love George Baily
get your money away from Potter
the MOVE YOUR MONEY video
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
if it makes you feel better, please do move your money to a local credit union.
but, if you will, give this a read, it is from doug henwood....
http://www.leftbusinessobserver.com/Move_your...
If Doug Henwood was really smart he would have advocated emptying the account and converrting it to silver and gold.
and furthermore....Doug Henwood is silly for saying the credit unions can't handle it...(a few computer key srokes?...no problem!)
my single personal computer is more than powerful enough to handle the math!!!
(8 trillion is not going to be withdrawn anyway...
audit-prosecute-incarcerate
i can't tell, is this serious?
http://www.resourceinvestor.com/News/2011/11/...
that don't involve wall st. OR banks.
if you hold your money in gold, inflation won't hurt you!!!
audit-prosecute-incarcerate
Right. You'll be just fine, unless the value of gold goes down...
If only...
I feel your pain Rich . With the amount of money I have in my Chase checking account I don't think they'd give a damn if I move it , but I may as well , just out of principle .
Insanity , it is what it is , there is no understanding it .
I live paycheck to paycheck and I was thinking about opening an account on payday (friday)...
just so I could symbolically close it on saturday!
audit-prosecute-incarcerate
They'd probably charge you a fee to close the account Milquetoast , am sure they've got that covered.
Insanity , it is what it is , there is no understanding it .
I typed in my zip code and Bank of America and Chevron Credit Union popped up. Um....
And I couldn't be happier.
NOBODY 2012
That's what I did, when Wells Fargo raised the interest rates on my two credit cards that I had with them from around 11% to nearly 30%. When I politely asked the Wells Fargo supervisor I spoke with if this was any way to treat the people who bailed them out, I got the line about "uncertain economic times" that everyone else who had their interest rates raised to usurious levels got. I was also told that I could close my accounts if I was dissatisfied, which I immediately did. Thanks Wells Fargo!
I was able to consolidate my two credit cards at a credit union for around 9%.
Credit Unions are the way to go.
I can see the good intentions, but this is kind of like trying to get away from AT&T. As long as the big banks (and AT&T) are allowed to gobble up their smaller competitors, it's only a matter of time before you have to move your money again.
Funny, I didn't find any comment on that policeman behaviour, forcing this woman into the bank so he could arrest her.
in collaboration with MoveOn is making this event a kick-off to a series of events including Nov. 17th, a day to rally for infrastructure jobs and Nov. 26th, Buy Nothing Day.
The number of people getting behind this effort shows the power of a good idea.
"The antidote to bad speech is more speech." ~~J.S. Mill
http://www.findacreditunion.com/
Type in your Zip Code!
Donaldd
I think the clip and the description are misleading. The police were holding people inside the bank until they had a vehicle to take them in and process them. I can't speak to whether any of them had done anything to justify their arrest, but the fact that they were kept in the bank until they could be taken in is pretty plain. So the reason they took the woman into the inside of the bank and arrested her there implies that the police thought she had done enough to warrant that action. The clip starts where she is being confronted, but what happened before that. It is not illegal to remove your own money from a bank, so if the bank is stopping people from taking their money out, then there are plenty of lawyers who will be willing to sue the bank. Eventually, either the courts will dismiss the police case - and the people will get a settlement from the bank (along with their funds), or, because they were doing something illegal, they will serve time. I don't believe that the banks and the police and the courts are all in some kind of conspiracy to keep people's money.
What planet have you been watching since 2008?
I was at the WTO protests in Seattle when a bunch of anarchists started busting windows with crowbars. We surrounded them and they got in a circle with their crowbars. I tried to get the Seattle police to come arrest these people that were thirty feet away and threatening violence and breaking windows... The Seattle police would not budge from their "police line", making all of us the enemy.
The Corporate Occupation of the United States
Our corporate controlled government (through corporate lobbying and election funding ) is out of the peoples control. People want government control back. Makes sense to me... I feel US corporate capitalism (corporatism) is a type of economic fascism: To have a corporate being where the chain of command eventually muddles all responsibility to any human being. These corporate beings are running your life and controlling your government. (Enough to really make an individual mad and protest.) The corporate being does not exist, and when it comes to face it's corporate responsibility, it is a piece of paper. That is plain and simply wrong. Restore capitalism to individual responsible chains of command, or this struggle will be lost. (This also includes corporate lobbying and corporate election funding, being outlawed; and a new form closer to individual control is established.)
Please Sign the petition to amend the Constitution for revoking corporate personhood at:
movetoamend.org
January 20, 2012 – Move to Amend Occupies the Courts!
Move To Amend is planning bold action to mark this
notorious date — Occupy the Courts — a one day occupation
on Friday January 20, 2012, of the Federal Courts, including
the Supreme Court of the United States and as many of the
89 U.S. District Court Buildings as we can. Inspired by Dr. Cornell
West, who was arrested on the steps of the Supreme Court last
month, Move to Amend will lead the charge on the judiciary which
created — and continues to expand — corporate personhood rights.
http://open.salon.com/blog/kennspace/2011/10/...
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