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Forum Post: Hitting Them Where It Hurts

Posted 12 years ago on Oct. 4, 2011, 5:27 p.m. EST by LeeHarvey (0)
This content is user submitted and not an official statement

If you are protesting Wall Street at the same time your money is being held by a financial institution, you are part of the problem. Liquid cash is the life-blood of the banks--the same guys that brought us this disaster. They are highly-leveraged institutions and need all the liquidity they can muster. Take your money out today and encourage everyone you know to do the same. In cash. Not a cashiers check that will simply go into another bank. Cash. If you are protesting one minute and then using your debit card at Starbuck's the next, then you don't understand the big picture. Start pulling your money out folks. Don't feed the beast. Decide whether you are part of a photo-op or a movement with identifiable goals. Simply saying, "Down with greed!" won't cut it. You might also want to encourage everyone you know to default on all credit cards and loans. Just stop paying. Anyone can march and talk the talk, but are you willing to sacrifice your precious, meaningless credit "score"? Who is "scoring" you? Why? What financial games have you unwittingly signed up for or bought into all these years?

4 Comments

4 Comments


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[-] 2 points by skizzy (445) 12 years ago

Agree ... What Banks should be targets ... And what safe credit unions could people transfer money digits to ?

[-] 2 points by burke (4) 12 years ago

A run on the banks is exactly what this economy needs. Well said.

[-] 2 points by dreadsPoverty (93) from Mankato, MN 12 years ago

It worked for the Great Depression.

[-] 1 points by Jolibear (47) from Greenfield, MA 12 years ago

Pull your cash out and stick it in a credit union or small local bank.