Occupy supports illegal immigration.
...confusion abounds
Do I see a judo move here? Barney Frank et al pass regulations about debit card charges. The banks try to pass that loss on to consumers, and there is a huge movement (OWS is in part about that) that causes a huge shift in capital from these big banks. Was that the original goal? Is the Obama economics team going after the big, too big to fail, banks?
You can keep the Credit Unions, I’ll keep my Bank of America account, thanks anyway.
The customer service is outstanding, and twice BOA has saved me from ID theft. The freaking credit union can’t even provide a debit card that works right.
I moved all of our business and personal accounts 6 months ago to a credit union from a BIG bank. Best move I’ve ever made!
They can make it back fast. I hear one-year Greek bonds are paying 200%. :)
These guys are behind the curb. I bailed out of B of A 8 years ago. Piss-poor service. Union Bank is gettin it done.
650,000 new customers for credit unions? I actually find that hard to believe.
Maybe some people bailed on BOA due to the debit card fee.
Maybe October is the month for new teachers to join.
I dunno...but it actually seems high to me.
God, the bi-blog writers are awful!
I moved out of BOFA a year and a half ago. My fiancee’ recently moved his accounts to a credit union. Life after BOFA is a lot less stressful. LOL!
Just like these numnutz to schedule this thing on a Saturday.
My credit union is only open till noon on Saturdays.
A lot of new customers could not have opened an account
there if they wanted too.
So what does OWS in fact take credit for here? A slight reshuffling of a large process already underway means little. A few people decided to transfer their funds on day X instead of day X+N ... so what?
1,487...for a total of $14.97.
wow, November 5th was two days ago, and already they are trying to re-write history. Nov. 5th was the date of transfer, not the end of a time period for transfer.
And there is no way of knowing before noon on Monday morning, how much money was transferred from all the banks the previous Saturday. They don't just post that information on the internet.
The numbers in the article are for the entire month of OCTOBER, not November 5th. Is that amount larger, smaller or avergae for a month's time. I don't know.
My suspicion is that this was a massive failure, because libs don't act on principle--they just talk a good game.Plus, the bulk of the Fleabaggers have no or few assets.
I almost wonder if there could be an opportunity here for conservatives. Bank of America is known to be a supporter of the ‘homosexual special perversion rights’ movement. Being that their own left-wing base is now attacking them maybe it is a good time for conservatives to start making it clear to BoA that if they want conservative support that they had better drop all of their support for public perversions and all other left-wing policies.
I am torn on this issue. I started receiving notices from my bank, Regions, about new fees a few weeks ago.
When I discovered this was response to Dodd-Frank, I told my wife I wanted to move our business to the local bank who holds our mortgage. They are a strong, solid bank which hasn’t instituted any policy changes due to new regulations.
I didn’t do it to punish Regions. I did it because I didn’t feel comfortable anymore with a bank large enough to be at the mercy of federal regulation.
Then I hear about these idiot liberals calling on people to leave their banks and nearly changed my mind. I don’t want to be associated with their reasoning. But at the end of the day, I think we are better off supporting a good local entity with only minor inconveniences.
I moved $100 out of Wells Fargo* this weekend...
...from the ATM to my pocket.
(*formerly Wachovia...formerly First Union Natl Bank)
All seriousness aside. We do both the Big Bank Of Evil for the ATM availibilty and daily checking, and a credit union for money market, car loans, HELOC.
Our other retirement investments are done with a money guy that frankly, has made less than we would’ve made if we’d left those investments in the Bank of Evil’s savings account.
Here-to-fore, we pay no fees either place except purchasing books of checks at Wells Fargo (rarely purchsed though, ‘cause a lot of our banking is electronic/direct pay). Yes, savings rates are LOUSY!
According to ABC News, In October alone Credit Unions around the country gained 650,000 new customers and $4.5 billion were moved out of major banks.
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MOney is moved into/out of credit unions and banks all the time. In order for this number to mean anything, the article would also have to give the normal background transfer rate. Of course, it doesn’t. I wonder why ? My guess is that this number is well within the normal background transfer in/out rate.