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My kids, and their families are here. I would love to live in Australia.
By Zaid Jilani on Nov 3, 2011 at 2:50 pm
One of the tactics the 99 Percenters are using to take back the country from the 1 percent is to move their money from big banks to credit unions, community banks, and other smaller financial unions that aren’t gambling with our nation’s future.
Now, the Credit Union National Association (CUNA) reports that a whopping 650,000 Americans have joined credit unions since Sept. 29 — the date that Bank of America announced it would start charging a $5 monthly debit fee, a move it backed down on this week.
To put that in perspective, there were only 600,000 new members for credit unions in all of 2010. “These results indicate that consumers are clearly making a smarter choice by moving to credit unions where, on average, they will save about $70 a year in fewer or no fees, lower rates on loans and higher return on savings,” said CUNA President Bill Cheney.
This Saturday, 99 Percenters are calling on Americans to move their money from big banks to credit unions and community banks on what is being called “Bank Transfer Day.”
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australian banks arent open on sat ? socialist slackers !
but the problem is that we are asking for change from the same people who are crooks. its like begging the local mafia boss for better breaks. there is no incentive for our crony-capitalistic gov to change. non whatsoever. and the only change we will see, will be smokes and mirrors to appease the restless. and then they will go back to there previous loophole exploiting ways.
its time to burn shit down. that the only way shit will get fixed. put some heads on some stakes.
that all said, while i agree with the movement, i would not let any of the OWS fucks in charge of shit either.
https://youtu.be/tK94ZDC5ydU
if i wasnt in the process of moving out of this shit-show this very week, i'd be on my way to oak-town to both watch the raiders send tebow into his next career as a minister and also take the time to go throw rocks and bottles at police.
my brother is in sf right now and going to the raiders game .... go broncos .
on another note , here is banker who "gets" ows ....
The head of Canada's second largest bank says the lack of solutions offered by the Occupy Wall Street movement -- a point that has drawn widespread criticism -- may be actually one of its greatest strengths.
"The good side of Occupy Wall Street is that they're saying, ‘This isn't working for me. There's something going wrong here and we don't like it,'" Ed Clark, the CEO of TD Bank, said Sunday.
So far, protesters have avoided what Clark sees as "the biggest risk," which is latching on to a solution prematurely.
"In my view, the problem is that people move too fast from defining the problem to defining the solution when we haven't really got a consensus around what is really the nature of the problem we have to deal with," Clark told CTV's Power Play from Toronto.
While he worries the movement might eventually be "taken over" by "more radical groups," the protests have until now been "a positive force in saying, ‘Let's be clear, something's not working here.'"
Other Canadian financial leaders, including Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney, have also lent cautious words of support to the protesters.
Clark's comments come as weeks-old Occupy demonstrations in a number of cities across Canada, the U.S. and Europe face mounting pressure to relocate or pack up their encampments.
Protesters who have set up on Wall Street in New York are weathering the first snow storm of the season, while those living at the foot of St. Paul's Cathedral in London are facing legal action to relocate them elsewhere. Meanwhile in Oakland, an Iraq war veteran suffered a fractured skull and brain swelling after police cracked down on protesters.
North of the border, protesters who have set up in Halifax's Grand Parade Square have been asked to leave by Nov. 6. Their decision is expected Monday. And Vancouver Mayor Gregor Robertson has said he would like to see tents come down outside Vancouver's main art gallery.
More than a month after the movement began, activists in less temperate climates in the U.S. and Canada have pledged to continue their public demonstration through the winter months in an effort to draw attention to economic inequality and corporate greed.
The activist have pointed to rising salaries of CEOs, particularly in the banking and finance sector, as an example of growing economic inequality.
As protesters prepare to bring the Occupy Wall Street movement north of the border, Canada's top banker says he is sympathetic to their frustrations.
In an interview with CBC's Peter Mansbridge, Bank of Canada Governor Mark Carney called the demonstrations, which are slated to spread to cities across Canada on Saturday, "entirely constructive."
"I understand the frustration of many people, particularly in the United States," he said. "You've had increase in inequality because of ... globalization, because of technology. You've had a big increase in the ratio of CEO earnings to workers on the shop floor."
The financial crisis, he says, has only exacerbated those feelings.
"There's a frustration with policy, that is understandable, and a frustration that, ‘Are things going back to business as usual … in the way the financial system functions?’" he said. "Now if I may say, that is not what's going to happen, but I can understand the frustrations that are there."
As for the Canadian financial system, Carney says that further reform is coming soon.
"We are, in the next few weeks, going to take some very important measures that are going to help end 'too big to fail.' It's not going to absolutely end it, but it's a big, big step," he said. "From my part of the world, what we can do is those reforms that are going to change the game for Wall Street, for Bay Street, for the way that the financial system functions."
true dat.
too many still plugged in. its why ive given up and im high tailing it outta here.
not that gov's abroad aint fucked up either. but i'd rather live amongst a smarter population.
the world is watching oakland and rooting for them (the civilians). if there was ever a team that embodied its city its the raiders. talk about anti establishment. i'd have loved to have heard al davis' take on the whole situation.
I can see some other solutions especially if we go belly up. I can see the US becoming more of what it was intended with much more sovereignty given back to the states. Another alternative is I think we could separate into four to six different countries where people are more like minded ( North East, South, Mid West, West Coast, Texas and maybe the Central Rocky mountain Area) I don't think we need to have a war but maybe it will come to it. I believe there will be a major separation of the US in one shape or form in my lifetime. We really are too different without any significant things connecting us.
Pit Row
The Wall Street bombing occurred at 12:01 p.m. on September 16, 1920, in the Financial District of New York City. The blast killed 38 and seriously injured 143. Although the bombing was never solved, investigators and historians think it likely the Wall Street bombing was carried out by Galleanists (Italian anarchists), a group responsible for a series of bombings the previous year. The attack was related to postwar social unrest, labor struggles and anti-capitalist agitation in the United States.
Have you looked into living in one of those compounds like the branch davidians had in Waco?
I don't agree with you on your political points of view. But the last thing on my mind is to kill you, because my views are right, and your view are wrong.
I don't think either parties views are right. What does that mean. Are both the left and the right going to be gunning for my head?
in the first article i posted on this page ....
"So far, protesters have avoided what Clark sees as "the biggest risk," which is latching on to a solution prematurely.
"In my view, the problem is that people move too fast from defining the problem to defining the solution when we haven't really got a consensus around what is really the nature of the problem we have to deal with," Clark told CTV's Power Play from Toronto."
sherwood , there are no quick fixes and easy answers . if you are looking for a leader that will come to the people and promise you that he can deliver those .... you are looking for a god .
Post a reply to: You want to know what OWS is about?