Forum Post: Take your money back, yelling in the streets is not the answer
Posted 13 years ago on Oct. 7, 2011, 12:11 p.m. EST by joemamma42
(1)
from Encinitas, CA
This content is user submitted and not an official statement
There seems to be a lot of anger here but no real direction. What are people actually demanding other that "change".
It seems to me that the focus needs to be narrowed. Is this a financial protest or a protest of everything wrong with the system? Where are the demands? What is the real fix?
A few ideas I have on the subject are as follows. If we really want to hurt the banks, why don't we pull our money out? If enough people closed their accounts and took our money back the banks would have to listen. Right now, what do the banks care if we sit in the streets and shout? How about demanding that the banks start selling some of the thousands of empty houses the foreclosed on. Why can't they create a loan package and carry the note? Instead of bundling the loans up and selling them to someone else. There is still money to be made on those properties. It's not like we're asking them to give the houses away, just work with the people that will soon be receiving the bill for bailing them out.
Why don't we demand that financial institutions can no longer make campaign contributions. If an individual person wants to make a contribution that's fine but no more hiding behind lobbies.
I'm sure there are more things that can be done but that's all I thought of this morning. But one thing is for sure, this needs to be done by the people for the people. We can't just sit back and say,"The government should do something!" The government is in the pockets of the banks. If we want change WE have to DO SOMETHING. Sitting around and yelling in the streets is not something.
I think the first step is taking our money back. Money talks bu*&^%&t stands in the street and complains. Take the power back, take your money back. As far as I know cash is still accepted most everywhere. Bills can be paid in person in cash. Rent can be paid in cash. Any loan drawn from a major bank that has brick and mortar locations can be paid at that location in cash. Stop letting them nickel and dime you with fees.
As for the "safety" of cash, my bank account had been hacked more than 4 times in 2 years before I closed my account. I have never been robbed in the streets...ever!
Take back America, take back your cash!
One more thing I would like to address is the credit system. I would like to see some accountability from the credit reporting agencies. With credit being such a huge factor in determining a persons worth and character nowadays, I would like to see some measures put in place to protect people from erroneous marks placed on their credit reports. As it stands right now, just about anyone can claim you owe them money. And with very little can report you to the credit reporting agencies. You can't tell me that most peoples credit reports are 100% accurate, if their are whole companies built just to "protect" your credit score. You see the commercial all the time about how "You would have got that job if you knew about those marks on your credit". There are whole companies built to "clean up" your credit. If most peoples credit score were truly accurate, how do these businesses survive?
As it stands right now, it can take over a year of letter writing to remove false "dings" from your credit report. In that year you could be denied a place to rent, a job and even according to the commercials, a relationship.
I would like to see some accountability. If I find false statements on my credit report I want to be able to sue for slander, period! It's not right that we the people carry the burden of proof in protecting our credit scores.
I agree! Where is Madame Defarge when we need her?
Hit Wall Street in the pocket book - and save money by using local banks and credit unions! And use cash whenever you can, and you'll know what your're spending.
This site is interesting: http://moveyourmoneyproject.org/
We can start with Bank of America, one of the WORST offenders and their corrupt mortgage practices, foreclosure processes and bank fees - B of A needs to go.
JP Morgan is very corrupt in their world-wide market manipulation.
Goldman Sachs and their corruption of practices set up trying to eliminate policies set up to protect consumers and favors FAT CAT banks and hedge fund managers - look up Robert Rubin