Occupy Albany protesters to participate in Bank Transfer Day The Business Review by Allissa Kline, Contributor Date: Friday, November 4, 2011, 3:04pm EDT - Last Modified: Friday, November 4, 2011, 3:38pm EDT
A group of annoyed Americans – including people here in Albany, New York – are planning to vote with their feet Nov. 5 when they withdraw their money from the country's largest commercial banks and reinvest it in non-profit credit unions. The movement known as Bank Transfer Day is a consumer-driven initiative against "unethical business practices" undertaken by corporate banks in response to new federally-imposed limits on debit card interchange fees. What does that mean? Banks with $10 billion or more in assets can now charge merchants who allow debit-card transactions no more than 21 cents per transaction. The reduced income from merchants cuts into the banks' bottom lines, so some institutions are creating new fees to pass along to consumers to make up for the revenue loss. Plans to implement debit usage fees have been dropped by the nation's largest banks, but industry watchers expect other so-called stealth fees to pop up in coming months.........................>>>>........................>>>>..............http://www.bizjournals.com/albany/news/2011/11/04/bank-transfer-day-out-with-the.html
Gee, so glad that these people can make the decision for everybody that this is what is needed. Good thing, considering the fact that I had decided LONG ago to not use an actual bank, and instead, use a Credit Union, considering I get more for my money doing my business with them (and less money going directly to the institution in the form of fees). Too bad it took the group mentality for these people to figure this out instead of thinking of it on their own.
People who actually have any money have long ago left the banks and their nickel and dime fees that drain your accounts so I agree with Rampage that the real money has already left the banks.
What is scary is how past history shows what happens when there is a situation of lack of support for a bank. I am in total glee seeing these money hungry institutions hit where it hurts. It is scary though on how this will impact the economy in this country.
I bet the board of folks who increased the ATM charge are $hiting a brink right about now. The credit union downtown is open till 1pm on Saturdays I wonder if there is a long line to open an account.
I'm pretty sure Wall St., the Fed Reserve, and corporate banks are the ones pushing this "protest". The greatest fear the banks and big government have is Americans understanding how the central banking system works, and if more and more Americans realize how it works, that Americans will begin to lose faith in the dollar and other fiat money. The lose of faith in fiat money and understanding that a central bank printing money makes the middle class poorer - is what will collapse the corporate system. When Greece, Italy, Ireland, Portugal, and the Euro begins to collapse, the world central bankers are going to look to America to prop the Euro up. That means even MORE inflation due to the devaluation of the dollar, and a further drop in standard of living for Americans because of a European problem. So by all means, transfer your money, but in reality, it is symbolic and just another attempt by corporate banking to keep you pre"occupied"(no pun intended) so you are unaware what is about to happen.
Credit Unions don't pay taxes. They must be part of the 1%
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
I'm pretty sure Wall St., the Fed Reserve, and corporate banks are the ones pushing this "protest". .
You are entitled to your opinion, but IMO, that's just plain nuts!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
You are entitled to your opinion, but IMO, that's just plain nuts!
Well, you can continue to believe that 650K people with no jobs pooled their money and organized themselves in protest to move money from corporate banks to credit unions. I bet you believe in the tooth fairy too.
Well, you can continue to believe that 650K people with no jobs pooled their money and organized themselves in protest to move money from corporate banks to credit unions. I bet you believe in the tooth fairy too.
650K people with no jobs??? You assume they have no jobs??? Do you just make this stuff up as you go along?
~ "Everyone is entitled to their own opinions, but they are not entitled to their own facts." ~ Daniel Patrick Moynihan
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
We haven't used a 'bank' in 30 years! It's credit union all the way....for everything!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
650K people with no jobs??? You assume they have no jobs??? Do you just make this stuff up as you go along?
How can you camp in the city streets and hold a job?
This is just the global chess master George Soros moving his little pawns into position. Soros, the billionaire king of currency manipulation, yet hero of the left.
Box if you believe this is grassroots, then you must believe in Santa clause and Easter bunny.
How can you camp in the city streets and hold a job?
This is just the global chess master George Soros moving his little pawns into position. Soros, the billionaire king of currency manipulation, yet hero of the left.
Box if you believe this is grassroots, then you must believe in Santa clause and Easter bunny.
Cicero is making assumptions again. He assumes that the people who moved their money for Bank Transfer Day are the same people who camp out at Occupy. When the facts don't meet his agenda... he just invents new facts that do.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
they need to roll out the patty wagons and haul away the tea-partiers and these occupy-whatever losers
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
When the facts don't meet his agenda... he just invents new facts that do.
I don't have an agenda, I have an opinion. The occupiers have the agenda. The fact is, transferring money to credit unions will do NOTHING to affect corporatism. Those dollars will eventually go back into the economy, Americans will buy inflated commodities, and the money will be re-collected by corporations that will re-invest the money into the banks that are capitalized by the federal reserve. Then the cycle continues. The problem is the monetary system and the fractional reserve, NOT the banks and institutions that facilitate the monetary system.
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