THIS IS A CALL TO THE MASSES
close your bank accounts at JP Moragan, Chase and BoA
then, if you can, refinance your house/loans and deposit with a local credit union
SEND A MESSAGE THAT THIS SHIT HAS TO STOP
hit them where it hurts. VOTE WITH YOUR WALLET
i know over $10 million with family and close friends involved with this alone... imaging the possibility
JP Morgan IS Chase.
The bad thing about trying to screw banks is 90% of the US economy is based on their credit, and only so much is actually backed up by "The full faith and credit of the United States".
I say regulation is the best thing we can do. Vote for politicians who have a record of trying to achieve economic reform and regulation.
Closing my bank of america accounts on Saturday.
We closed ours, years ago. It was a good move. I have to admit, BofA sucks.
BofA has always sucked major balls. USAA is the shit. Best bank ever. No ATM fees ANYWHERE quite a few branches in the area really like it. Great service plus they have insurance, investment stuff, and all kinds of other goodies. Really love it.
Yeah, I'm signing up an account at USAA next week. Whoo, credit unions!
'cause i'm curious, whats with the outrage against JPmorgan, chase, BoA?
Fwiw, I have charter one (citizens bank). No problems ever. But i do have a Chase Credit card (they bought out Washington Mutual, who had me at 8.99%, then chase stepped in. BAM 19.99%, jerks).
JP Morgan Chase, Bank of America, Citigroup, and a few other large investment banks started the economic screw we're in, and are screwing it worse, and all because of bad credit. So, the idea is, make them lose profit until they decide, "fine, you win, we'll improve our policies to better serve customers and the economy, and in turn, actually make profits in the long term, as opposed to short term gains."
Dude what planet have you been hanging out on? OWS come to mind? The whole financial meltdown/bailout?
Did this a couple years ago. Local CU FTMFW.
^ This. Credit Unions are nonprofit, therefore better financial institutions.
I dont know what credit unions you've found, but they arent non-profit, even if their business model states that. Nearly every non-profit (beyond community service non-profits such as the Jaycees) are based in money. That money goes in the pocket of somebody, just not the company itself.
The aim isn't profit, and the end certainly isn't corporate profit. There is my point.
Non-profits profit more than corporations, more than say...corporate holdings, etc. Don't get me wrong here, I go with a CU, not a bank, but still. I just don't want people jumping in uninformed. No matter where you put your money, someone there is in it FOR the money.
Well, right. But my point is, simply, a CU does not screw its members, because when you put money in a CU, you become a part-owner. It's like a bank, but you're a holder in it, so when the fiscal year is up, whatever profit is made gets split between you and everyone else. And it's not like the CU exists for the sake of profit, at least not as far as I have discerned in my time. It exists as a means of protecting people's money.
My CU gives me a check, annually, for a portion of the "Profits". Membership has its privileges. LOL
Wolf Dilworth on 11:52:32 AM / 05-Nov-11My CU gives me a check, annually, for a portion of the "Profits". Membership has its privileges. LOL
Amen... Can I get a Hallelujah.
Word up to your Mother Theresa.
CUs are fuckin' A, I must say.