Posted on 10/23/2011 12:45:40 PM PDT by drewh
In about 18 days, more than 50,000 people plan to send a message to banks: Goodbye.
In an event titled “Bank Transfer Day” thousands are signing up to leave large banks in favor of credit unions on or before Saturday, November 5, over what some call unethical practices.
“If you don’t believe in a company’s practices or feel that a company’s practices are unethical, then, very simply, you should not have money with that company,” the 27-year-old creator of the event, Kristen Christian, told KTLA Live.
“I was tired of paying outrageous fees to banks for a severe lack of services. I was tired of having my money access determined by a corporation and the final straw because I was tired of banks targeting the impoverished and working class,” she said.
In addition to the 51,000 and counting rsvp's for “Bank Transfer Day,” a cause page for the event has amassed more than 15,000 likes, and the group’s twitter page now exceeds 600 followers.
The group’s mission, according to the public Facebook invite: ”Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won’t support companies with unethical business practices.”
In recent weeks, banks have drawn fire over fee hikes. A petition titled ”Tell Bank of America: No $5 Debit Card Fees” has gained popularity, with more than 130,000 signatures.
Now, Bank Transfer Day may be gaining even more steam. The group’s attendees are active and vocal on the events page, sharing their stories of change with the public.
(Excerpt) Read more at abcnews.go.com ...
Well, I’ve got to admit, if you want to protest something you don’t agree with, THIS is the way to do it. Not breaking the laws and health and sanitation ordinances.
That’s a Saturday. Banks are closed. Joke’s on the kids.
They’re waiting until after the first of the month so their mean ol’ banks can charge them more fees. Real smart there, huh.
Stupid reporters. People were lining up to change banks after they raised their fee because of the new law LONG LONG before anyone decided to try claim credit for some movement.
Closer to home, the last time we listened to these braindead, hippie college kids, all of Arizona’s forests burned down. Only “good” can come out of this. ROTFL!
Likely result:
Lower than expected participation. Most participants will withdraw their money, but then spend it all on pizza for their fellow gypsies.
Then protest, because they don’t have any money left.
Figures. Credit unions pay no federal income taxes.
lol. The banks will be closed for a half day!
last one out will be holding the bag. If I was them, I won’t wait for the day to pull out. Pull out early
That’s a Saturday. Banks are closed. Joke’s on the kids.
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I think their goal was just to “git ‘er done” before Mon., Nov. 7th. And besides; national banks like Wells Fargo, Chase and others are open until 1:00 p.m. on Saturday.
Credit Unions are “non-profit”
>”Tell Bank of America: No $5 Debit Card Fees” <
Then withdraw money from a teller and use cash. What’s the problem? I rarely go to to ATM’S nor am I one of those slow-pokes at the counter where it takes them 5 minutes to figure out ...”cash debit, $20?” and they are daydreaming if they want that denomination.
Use cash.
I think there are laws against stuff like that. I heard Dick Durbin broke it just a few weeks ago.
Despite the fact that the banks won’t be open on 11/5, this is a clear example of how consumers can vote with their wallets.
It’s high time that people stop supporting companies that support political causes that enslave them. If the capitalists (who still constitute the majority) would simply recognize the crap state of the economy and organize to destroy lefty businesses that buy commercial time on crap networks or support liberal causes, we could have a pretty bright silver lining to the mess that this Administration has created.
A lady in our church used to work for Chase. If you get cash from the ATM on your Chase Credit Card, you not only pay the interest but a “fee”. If you use your Chase credit card to get $20 at the ATM, it costs you a $10 fee plus 21% interest for that $20.
It costs banks a fair amount of $$ to process closed accounts. Mostly labor.
No. Banks are open Sat. This is too close to the Nov 9th emergency media test for tv and radio at 2 pm.
See Post #16
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