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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 Objective Voice View Post
    I haven't banked with a commerical bank in over 30 years. Sixteen years in the Navy, I banked with Navy Federal. Once I got out, I went straight to a local credit union. Haven't had too many problems with the services received...a glitch here or there, but my credit union worked with me to resolve the problem every time. I'm rather content banking where I am right now. The ROI on savings, CDs, money market accounts and mutural funds are better with most Credit Unions as well.
    And yet...the banks manage to not only survive but thrive. See...thats making a really good point.

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

    Quote Originally Posted by jamesrage View Post
    If many of them are protesting because they are not making what they claim is a livable wage then how will they have money to withdraw from the bank on the 5th of November? Don't you need money in the bank to actually withdraw it and a substantial amount of money in the bank so that withdrawing it actually make a difference? Because if they are making below what they consider a livable wage then that means they are living from paycheck to paycheck so they should have no cash in the bank to withdraw.
    Your mistake here is assuming that only poor college kids are the only people behind this Occupy movement. You'd be dead wrong! It's not just young people, 18-28, who are involved with this movement. There are people of all ages involved - college students, their parents and folks from their generation (35-50+), senior citizens. Don't make the mistake of trying to label those among the desentors one way or another. This movement is larger than most people think and cuts across various age groups.

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

    Quote Originally Posted by Objective Voice View Post
    Your mistake here is assuming that only poor college kids are the only people behind this Occupy movement. You'd be dead wrong! It's not just young people, 18-28, who are involved with this movement. There are people of all ages involved - college students, their parents and folks from their generation (35-50+), senior citizens. Don't make the mistake of trying to label those among the desentors one way or another. This movement is larger than most people think and cuts across various age groups.
    No so...most of us recognize that whiny unthinking losers cover the entire spectrum of age and race. While not all or even most of the lower 50% support the 'movement', theres a whole lot of suck in that lower 50% very appropriately entitled '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
    And yet...the banks manage to not only survive but thrive. See...thats making a really good point.
    Come, now, VanceMack. Commercial banks have the advantage of being nationwide, available in every community large or small. Credit Unions don't have the luxury. Historically, they've only catered to specific clientle; membership was and still is required. However, credit unions are starting to relax their membership requirements. It use to be that in order to join a Credit Union you had to work for a specific company or be in a certain profession or be related to a credit union member. That's not necessarily the case now. It's becoming easier for more people to join Credit Unions. And because of their connection to their communities AND the better rates they offer, Credit Unions are looking more attractive to people especially since the banks now seem desperate to generate revenue in which way they can.

    If this banking initiative does begin to take hold, you will see a significant sea-change in the way People bank. And commercial banks will feel the affect and it won't be pretty for them.

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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
    No so...most of us recognize that whiny unthinking losers cover the entire spectrum of age and race. While not all or even most of the lower 50% support the 'movement', theres a whole lot of suck in that lower 50% very appropriately entitled 'movement'.
    We promise not to eat YOU, Vance.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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

    Quote Originally Posted by Objective Voice View Post
    Come, now, VanceMack. Commercial banks have the advantage of being nationwide, available in every community large or small.
    Not every commercial bank is nationwide, there are alot of regional banks too. Keybank in the Northeast being one example.
    Jackboots always come in matched pairs, a left boot and a right boot.

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

    Quote Originally Posted by Risky Thicket View Post
    Now it gets real! People do have have the power.

    [/I]
    I was already planning to, separate from this Occupy Wall Street business. My bank is going to start charging all sorts of fees. I'm belong to a credit union already, but had kept my bank account because the ATM is conveniently all across my town; but fudge it.
    You know the time is right to take control, we gotta take offense against the status quo

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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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

    Quote Originally Posted by What if...? View Post
    We promise not to eat YOU, Vance.
    Can we nibble?
    "you're better off on Stormfront discussing how evil brown men are taking innocent white flowers." Infinite Chaos

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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
    No so...most of us recognize that whiny unthinking losers cover the entire spectrum of age and race. While not all or even most of the lower 50% support the 'movement', theres a whole lot of suck in that lower 50% very appropriately entitled 'movement'.
    If your sole purpose in posting is to denounce the movement, feel free I suppose. However, I think you'd be better off trying to understand these people and see things from their perspective. As I've said before when speaking of the movement, it's not that these people are anti-capitalist but rather that they are anti-corruption. And a large part of the corruption has come through the banking system. To understand it, you have to understand that our entire economic policy for nearly 30 years has been based on financial services - consumption - primarily with the focus on our homes, i.e., how we furnish them, repair them, use them as "revolving credit". Of course, the other side has long been how we as a nation have come to rely so heavily on credit. As such, banks have taken advantage of this "national consumption based on credit" and a large part of that deals with bank transaction fees each time you use your credit or debit card. Why do you think the banks are scrambling now to raise money through retail purchases on debit/credit cards but are so willing not to charge their members for using their ATM machines? Why are they not placing limits on the amounts people keep in their checking or savings account and charging their customers if they fall below that limit? Granted, such limits usually were low - $500-$1,000 - but lately you've had banks increase that limit to $3,000 or more.

    I think it was Mellie who made the point that these new fees would only hurt people who had savings/checking accounts below...5-figures. She makes a good point. However, remove enough of the common man's money out of the banking system in one foul swoop and you effectively hurt the financial system.

    Never under estimate the leveraging power of the majority.

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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
    Yikes...I hope you agree with her that the people that are clamoring to take their money out of banks and falling all over themselves to protest Wall Street are idiots (like you feel about the Tea Party folks). Otherwise...better duck...Danarhea is going to call you an idiot and a ****ing hypocrite. You disgust him and he will want to puke on you.
    actually, i no longer think about the tea party, although i do know that movement may have started out as grassroots but was quickly co-opted. but to pretend that one group are idiots and the other are not is laughable. are there some idiots protesting? certainly. but i know people who have protested and they are NOT idiots. and they are not unemployed or pooor, they are contributing citizens.

    and i have no problem with people moving their money, it's their right. won't make a difference, but so what?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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