Kevin E. Dayhoff - TheTentacle.com: Bank Transfer Day

October 19, 2011

Bank Transfer Day

Kevin E. Dayhoff

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4695

The continuing saga of the crusade against the vampire squids… I’m just saying…

While everyone was distracted by what Charles Krauthammer delightfully described as, the “Starbucks-sipping, Levi’s-clad, iPhone-clutching protesters (of the Occupy Wall Street movement who) denounce corporate America even as they weep for Steve Jobs, corporate titan, billionaire eight times over…,” a new social uprising term has entered the public discourse. Saturday, November 5 is “Bank Transfer Day.”

According to the uprising’s meager beginnings on Facebook, created by a small business owner, Kristen Christian, 27, a small art gallery owner in Los Angles, citizens are encouraged to take their money out of the blood-sucking vampire squid mega-banks and put it in smaller community banks or more specifically, credit unions.

Ms. Christian owns “Le Spec,” an independent art gallery. She spoke for many when she answered a question from Jen Doll, in a Village Voice article: Why did you decide to do this?

“Mostly just, I was tired. I was tired of being charged bank fee after bank fee after bank fee… When they decided to react so negatively to the Durbin Amendment, that made me sick…”

As opposed to the Occupy Wall Street protests, which appear to be a mobocracy of themeless, clueless anarchists on holiday, Bank Transfer Day has a well-defined and articulated goal, with a specific action plan.

Even National Public Radio, which never met a leftist cause it could not wholeheartedly support, with our tax dollars, could not fathom what the Occupy Wall Street protestors were trying to say…

Much of the mainstream media and leftist Democrats want you to believe that Bank Transfer Day is an offshoot grass-roots effort spawned by the Occupy Wall Street anarchists-without-a-clue.

Nothing could be farther from the truth...  

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The continuing saga of the crusade against the vampire squids… I’m just saying…

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Labels: Bus Econ 20110917 Occupy Wall Street, Bus Econ 20111105 Bank Transfer Day, Bus Econ Bank Transfer Day, Bus Econ Banking, Business Banking, Dayhoff Media The Tentacle

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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Cadie Thompson - CNBC.com: Occupy Wall Street Backs a Nationwide Boycott Against Banks

http://www.cnbc.com/id/44800021/Occupy_Wall_Street_Backs_a_Nationwide_Boycott_Against_Banks

Occupy Wall Street Backs a Nationwide Boycott Against Banks

Published: Friday, 7 Oct 2011 | 1:21 PM ET

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By: Cadie Thompson
Producer, CNBC.com

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In an effort to send a message to big banks, some organizers, who are supported by the protestors of the Occupy Wall Street movement, have organized an event to remove all funds from banks and into credit unions.

Organizers are calling the event "Bank Transfer Day"and are encouraging people nationwide to participate November 5.

The Facebook page for the event states the following:

"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 on or by this date, we will send a clear message and give the 1% a taste of the fear that we experience every day when we aren't able to pay for our rent, food, medication, utilities, student loans, etc."

So far over 6,500 people have RSVP'ed for the event.

The participants of "Bank Transfer Day" take issue with the response of big banks' to theDurbin Amendment, which is an addition to the Dodd–Frank Wall Street Reform and Consumer Protection Act that caps the debit interchange fees banks can charge merchants.

The organizers claim the banks will begin to charge their customers $3-$5 fees to off-set the money they will lose because of the interchange fee cap.

The event's Facebook page states:

http://www.cnbc.com/id/44800021/Occupy_Wall_Street_Backs_a_Nationwide_Boycott_Against_Banks

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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com