Saturday, November 05, 2011

November 5, 2011 Is Bank Transfer Day

To paraphrase something I wrote on my January 2, 2010 posting:

"Every now and then I stop producing classic movie events, listening to jazz music, watching ancient short comedies and Scopitones long enough to ask . . . questions. And I invariably end up wandering circuitously through the dark woods of further questions."

Here are a few questions I like:
  • What can we, as citizens, given the massive corruption in our political system, do to make a difference?
  • Any way I can have checking and savings accounts that do not support sleazy business practices, sleazier lobbyists and the even - if one can imagine such a thing - sleazier politicians they bribe?"
  • Want to stop supporting ridiculous profits made by banks bailed out by TARP (and bonuses to the same greedy bastards who crashed the global economy. . . but got rewarded handsomely for their staggering ineptitude)?
  • Have I, unwittingly, Elmer Fudd-like, been aiding and abetting all of the above via my 401 K or IRA account and thus, am absolutely part of the problem?

Well, one way and signpost towards a solution, folks is to pull your moolah, your cashola, your simoleons, your do-re-me out of the Too Big To Fail banks and relocate it to smaller financial institutions and credit unions - the places that actually invest in our communities.

Supporting this worthy goal, Saturday, November 5, is Bank Transfer Day.

The Move Your Money website makes it pretty darn easy for consumers to identify community banks and smaller financial institutions in their neighborhoods.

If enough squeezed middle-class consumers migrate a substantial chunk of their business from irresponsible "too big to fail" banks. behemoths to community banks and credit unions, the message - which has yet to reach our elected representatives from the totally slimy GOP and only somewhat less slimy Democrats (and possibly never will) - will be loud and clear.

One can do a little research and find out which financial institutions spent gazillions - in some cases TARP money - to successfully bribe Senators and Representatives to kill or at least severely weaken financial reform (note - the bastards succeeded; the Dodd–Frank Wall Street Reform and Consumer Protection Act was watered down from the blazing Bacardi 151 we needed to tepid, weak lemonade).

Let's hit the greedy assholes where it hurts most: their wallets.

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