five point six million americans have
switched fairbanks ak two credit unions
are smaller banks in the last ninety
days so this is a really really great
update on bank transfer day which out
was started by occupy protesters when it
first uh... happy aids there were news
reports at about six hundred thousand
people had transferred their bank
accounts for big banks to credit union
but add that after that there is an
update say now it was more around two
hundred thousand people but now you look
at the numbers and about five point six
million people in total have transferred
their money in the last ninety days
and about six hundred ten thousand
almost people site bank transfer day as
their reason for doing so
yeah and that's gotta be could serve in
the world is probably a lot of them you
know didn't answer the question of
borden's
specifically say but might have been
influences cetera so first of all six of
the ten thousand transfers is jarring
dante and that's a huge success
alot the most important thing is if you
have in the pocketbooks
that's the most effective form of
protest
and the banks the stock prices are
suffering outlook
for a number of differences not purely
because of this but i think that is a
big fashionably effective protest
the election really proud
of you know occupy washington d to be
able to pull or something
that dramatic
and i think that in fact the media's
under underplaying it and you wonder why
it hasn t party had an effect financial
fact like this kind of law
almost course they didn't even
protest the banks the validity of the
bank balance
many governments brain but here this is
really effective it's fantastic it is
effective in its entirety there are
arguments as to whether or not this is
sending a message to the banks
and i think it's because if you look at
the numbers this is three times the
normal rate
of bank transfers
yes our study yet that is right now you
can argue with that three times the size
of the vote was on one point four times
more in my book
they deal with the seasonal or something
three times if you have a large it sends
a message to the banks which is part of
the reason why bank of america reversed
its five dollar-a-month deputy charter
member yeah armando also it shows you
that the occupy protesters
not only were able exchanging the
discussion in the united states but
their factory and actually changing
you know and doing well at that is a bit
this sends a message to the bank so
they've been successful on a different
ways
even after they've been evicted from all
of these parks around right
and understand that personal the banks
care tremendously about this and why do
you see the passage
is because
they use the positive money as leverage
for their damn
so when the gamble with risky
derivatives
the way they backed it up is by saying
although it's ok cuz i had cash on hand
was a cat from
from depositors' money
uh... one of the large banks and
recently ect
wed and petition the government
to be able to use their deposit of money
here in the u_s_
for risky derivatives bits that they
need your loan and of course that our
government being what it is that the icy
complain
is a axia somebody it had about
f_d_i_c_ who cared right and who's
always been good on the south but the
federal reserve that protectiveness of
retirement now
this country is
for the banks by the banks
of the facts right
so that we will allow them to bed with
your money so that's why you're smart to
transfer your money out of the sick
great move black by wall street
