…the day fed-up, fucked-over bank customers tell their banks to fuck off.
This is the day bank customers have been encouraged to “Move [Their] Money” out of Too Big To Fail Pig Palaces like Bank of America and into credit unions, out of Wall Street and into Main Street. Mass Banxodus!:
The social media-organized global backlash against big banks began Saturday, as thousands of fed-up customers yanked their money en masse from large corporate institutions to dump it into credit unions.
Smaller community banks across the United States were recording an uptick in business as a result of the anti-corporate sentiment, which came to a head on so-called international “Bank Transfer Day” on Saturday.
And slowly but surely, it seems to be catching on. Today’s Big Number — 650,000:
As the social media-sparked Bank Transfer Day approaches, the Credit Union National Association (CUNA) reports that over 650,000 people have joined credit unions in the last four weeks.
This isn’t an Occupy Wall Street idea (though they endorse it), but it’s a good one! In fact, of all the ideas that have emerged during the recent anti-bankster upheaval, this is the one I like best, the one that makes me leap up and pump my fist in the air and scream “YES!!”. Because it’s the one that, if done right, would work. Bank of America has already backed down on a proposed new debit card fee that they hoped to slide by snoozing customers last month, instead awakening a sleeping giant who proceeded to get up out of the wrong side of the bed and scream back at the bank: “OH, YEAH??!”