Occupy? No, leave Wall Street

[gridlore]

If you really want to put the fear of Midas into the "too big to fail" financial institutions, start moving money to small local banks and credit unions. Start paying cash, and writing checks. They depend on their millions of customers to support their bloated infrastructures and billions in bonuses. So leave. Do the research. Find a good, solid, local institution and take you business there. The best part is a local bank has local concerns. You money will be used for loans in your community, not to finance some swamp reclamation project in Burma. To really twist the knife, stop using credit cards. Pay off you balances and close accounts. Keep one or two for emergencies, but shut off that flow of revenue.

It's our money, it's our nation, and it is time to tell the 1% that in the only language they understand.

Comments

[cmdr-zoom.livejournal.com]

I switched to a credit union years ago, after Wells Fargo used up the last of my patience and goodwill by dinging me with multiple overdraft fees (a chain reaction from one transaction pushing all the rest over the line).

I need credit cards to pay for things, but I zero the balance out every month, using them strictly as a form of accepted electronic currency.

[kengr]

Most debit cards work just fine for online transactions. I haven't had a credit card in almost 20 years. I got bitten badly when I lost a job and wasn't able to work.

So now I use cash or debit cards.