I knew I was going to forget something! If only we had a 9/11 style day for this. Oh, maybe we would have if Guy Fawkes actually didn't fuck it up and get caught with all that gunpowder...
Today, in honor of the guy who planned to assassinate King James I and restore a Catholic monarch to the throne is celebrated. Am I the only one who doesn't find any of that remotely decent? I'm not even speaking in regards to the fact that he was about to remove King James I by blowing up the House of Lords. I'm speaking more to the fact that he was trying to restore a Catholic monarch. I mean, seriously, what the fuck?
Which is why I'm a little confused on why they Occupy ____ folks choose this day of all days to do the whole "Move from BoA/Wellsfargo to a Credit Union" day. But as we can see today it was sort of a success.. I guess in a sense.
Don't get me wrong, I actually moved to a credit union a long time ago and never have been happier. But why would you suggest to link this rather good act by attaching it to the bad act of the transfer of power from one bad monarch to an even worse one in the catholic church?
“We’ve been so busy I’ve been handling customers that are overflow,” says David Glaser, vice president of the National Capital Bank of Washington, in Washington, D.C. The two-branch bank has one location open on weekends, and Glaser says it added six new customers on Saturday. Ordinarily, he says a Saturday might yield just a single new customer or none at all.
It’s easy to find stories like this, but it’s harder to quantify how much of an impact they’ll have on the too-big-to-fail banks. Estimates about just how many people would need to follow the “move your money” cause vary, but the average American only keeps a few thousand dollars in a checking account, and the biggest banks in the country have more than a trillion dollars in assets apiece.
Saturday was chosen because Nov. 5 is also Guy Fawkes Day in the United Kingdom, named after a 17th-century rebel. As an article in the (generally pro-bank) Wall Street Journal pointed out, some would-be participants might have found this inconvenient because some credit unions aren’t open on Saturdays.
That's like going from bad to worse. No one should reward such behavior. Nor should you really encourage it because it is pretty foolish. But sure enough, people did move to Credit Unions.. on a Saturday no less.
I know for a fact that my credit union is shut down on Saturdays. So to me that was a bit of an oddity for it to land on a Saturday. Though I guess it depends on who you talk to local coverage of Saturday's bank transfer day march varies between not half-bad representation of the people participating and their reasons for being there
And... GUY FAWKESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
I have one request though, just be sure to carry this mentality come next November when the elections happen. Because if you didn't know, that Hope and Change you were promised... yeah, it seems that it was hope for big business and Wall Street and the change... well, that's what was left for the rest of us
That's like the jock making fun of the nerds and computer club chick to the public but trying to hit on her and get his mack on with her on the side. When it comes down to it we did just exchange one tyranny leadership for another. Only we like to believe that the new leadership has our best interest in mind.... while they simultaneously make your situation worse and worse.
Wall Street Firms Already Earned More Under Obama than during entire Bush Presidency
Wall Street firms have earned more in profits so far under President Obama than during all eight years of George W. Bush's presidency, according to The Washington Post.
The securities industry earned $82.52 billion in profits during the first two and a half years of Obama's presidency, compared to $77.17 billion total under President Bush, according to data compiled by The Washington Post, giving legs to the claim that even while Obama has publicly denounced "fat cat bankers on Wall Street," banks are now as profitable as ever.
Additionally, some of the Obama administration's aims at curbing excessive Wall Street profits have yet to take effect or even be written, so their direct effect on profitability has yet to be realized.
Nonetheless, major U.S. banks have struggled this year on the whole, with Goldman Sachs reporting its second loss ever as a public company and BofA's stock price plunging over the last ten months. The financial industry has already announced a slew of mass layoffs, and the New York comptroller recently estimated that Wall Street could lose 10,000 more jobs by the end of 2012.Still, corporations have boomed during Obama's presidency, even as unemployment has remained high. Corporate profits hit an all-time high of $1.93 trillion in the second quarter of 2011.
So perhaps you shouldn't just remember, remember the 5th of November. you should remember every day that you're stuck with leadership that is not looking out for the interest of the masses.
On that note, Hello Ninja Librarians...