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Thread: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Mellie View Post
    So they're just idiots.
    From a certain perspective. However, only people who're never receptive to any kind of cultural symbolism could make that judgment and have it possess any kind of sincerity. Even then, it is still draconian.

    The thing is that the historical reality of Guy Fawkes is secondary to his appeal as an anti-authoritarian symbol. People rarely attempted such 'daring' actions against established power structures, so, even if he was trying to create an even more authoritarian society, the extremes he went to provoked wonder among a people whose actions were regulated according to an exacting peerage system. His act of rebellion had an attraction apart from his motive, both for the people of his time and for subsequent generations.

    Hitherto, most significant rebellions occurred totally in the logic of the peerage system; that is, find the next most legitimate heir whose political sympathies aligned with your own, declare him king by right of his superior virtue and ability, and then push the claim with diplomatic and military force. There were civic rituals to be observed even in rebellion, and it required a high position in the peerage system to initiate.

    Guy Fawkes's efforts challenged that notion.
    Last edited by Morality Games; 10-11-11 at 02:53 AM.
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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by 1Perry View Post
    Nobody is going to lose jobs. Even if someone does somewhere, it simply means somewhere else has to hire someone else. If they did lose jobs, they are jobs that should have been lost when they screwed up so badly in the first place.

    I imagine this will be like the "don't buy gas on Wendsday" thing but it doesn't bother me. If they accomplish something against all odds, good for them.
    The gas thing is different. You can refuse to buy gas on Wednesday, but in the end you buy the same amount of gas because you're probably driving about the same number of miles. Not buying gas Wednesday just means twice as many people will buy gas Thursday.

    The bank thing is not the same. An account transferred out is permanent.

    You know what? I'm going to a credit union by Nov 5. I wanted to switch banks anyway because Wells Fargo is going to start charging monthly fees for my check card. Viva la revolution.
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Mellie View Post
    So they're just idiots.
    This X 1000

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Deuce View Post
    The gas thing is different. You can refuse to buy gas on Wednesday, but in the end you buy the same amount of gas because you're probably driving about the same number of miles. Not buying gas Wednesday just means twice as many people will buy gas Thursday.

    The bank thing is not the same. An account transferred out is permanent.

    You know what? I'm going to a credit union by Nov 5. I wanted to switch banks anyway because Wells Fargo is going to start charging monthly fees for my check card. Viva la revolution.
    If it even makes a dent, great. I'm just not getting my hopes up.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Mellie View Post
    Most of those 6,500 people probably have no money in the bank.
    I have some money in the bank, and it will be getting transferred to a small local bank on the 15th.
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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Transferring my money to a credit union even though my bank is a really cool local outfit. The credit union is just a better deal.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by 1Perry View Post
    If it even makes a dent, great. I'm just not getting my hopes up.
    The reality is that the banks lose money on the lower 50%. the investment income and earning potential resides with those that have significant holdings. Guess which part of the '99%' the bank will be happy to lose. Fight the power baby.

    OH...that is of course unless you have a loan through the banks. Then you can hide your stash under a mattress...as long as you still pay your bill.

    Like I said before...this is just another indicator that people supporting this movement dont THINK.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    If it were highly successful, which I don't for a minute think it will be, it would cripple our banking system.

    What a bunch of jerks. IMO, I think this will cause many people to lose complete respect for their "movement."
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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by VanceMack View Post
    The reality is that the banks lose money on the lower 50%. the investment income and earning potential resides with those that have significant holdings. Guess which part of the '99%' the bank will be happy to lose. Fight the power baby.

    OH...that is of course unless you have a loan through the banks. Then you can hide your stash under a mattress...as long as you still pay your bill.

    Like I said before...this is just another indicator that people supporting this movement dont THINK.
    The credit unions they switch to will be happy to make their next loans to them. No, they do not profit on small accounts but they deal with them to keep them as customers when they do make more money or want a loan.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by VanceMack View Post
    Like I said before...this is just another indicator that people supporting this movement dont THINK.
    They are always talking about not having much money, not beng able to pay for their student loans, or rent....so taking their non-existent money out of banks is going to do....what?

    And I'd love to know if the major players in this (the ones who DO have money) are going to take it out of the bank. My guess is no.


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