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Forum Post: What if we moved our money?

Posted 13 years ago on Nov. 17, 2011, 8:59 a.m. EST by Smithguy677 (3)
This content is user submitted and not an official statement

I am glad you guys are out here. I am. But I think this protest is destined to fizzle because you guys don't stand for anything, you only stand against things, and even that stance is nebulous and not unified. You should take the protest beyond the tent city and spark a movement of people's money. You should start a movement to get people to shift their deposits, mortgages, and credit cards from the Top 10 banks to small banks and local credit unions. You should strike deals with these smaller banks so that in exchange for all of this new business, the small banks would waive fees (ATM fees charged by non-network locations in particular) and offer OWS introductory rates for their new-found customers. Although the bottom 80% of Americans only represent 7% of all financial wealth in this country, the bottom 90% represent 42% of deposits and 73% of all debt. I guarantee you the banks would sit up and take notice -- and be ready to deal -- if Occupy Wall Street started a movement that actually moved the needle on these deposits and debt relationships. Also, this would give something for the overwhelming majority of people to take part in that are simply not willing to occupy a downtown tent city in winter. You could then leverage the protests into something beyond the voices of a few to become the actions of the many. It would fundamentally change our country.

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[-] 2 points by Smithguy677 (3) 13 years ago

So you're with me?

[-] 1 points by PatriotSon01 (157) 13 years ago

I personally think we needed the crash that would have come from the financial situation brought about through the many faulty financial programs. When Bush through of the regulations, everyone decided it was okay to make money in any way... Maybe another Depression would have resulted in a purge and a change in basic American values. What happened under the TARP is that we just prolonged the Fat Cat reign and ensured a longer, tougher trail back to the road. Bite the bullet people. We are all Americans - we should treat each other w/ respect, not ignore it in the pursuit of a buck!

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