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Frida Berrigan: "But the 'Move Your Money' campaign has become about a lot more than avoiding new fees. It is about supporting the local and the small and the community minded; it is about opting for conscience over convenience. It is about not putting money into corrupt and unaccountable institutions, about not letting your money make more money for corporate interests."

Street art at Occupy Wall Street expresses a widely-held sentiment towards banks, 09/22/11. (photo: jamie nyc/flickr)
Street art at Occupy Wall Street expresses a widely-held sentiment towards banks, 09/22/11. (photo: jamie nyc/flickr)

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Occupy Wall Street: Take the Bull by the Horns

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+2 # fredboy 2011-10-31 10:17
Be careful. Some local, smaller banks stink to high heaven also.
 
 
+4 # capnDave 2011-10-31 12:34
For many years I have patronized small, local banks only to see them taken over by large banks, always with the assurance that my account won't change. However, it isn't long before the fees and rule changes start happening. Then I switch to another small bank and the process repeats itself. Thank you Frida Berrigan for a nice and pertinent story.
 
 
+4 # epcraig 2011-10-31 16:48
Wells Fargo fees cost me enough to move my deposits to a smaller, local competitor a couple of years ago.
Worked out nice, entirely sufficient to my needs.
 
 
+5 # lionsdenmother 2011-10-31 17:48
credit unions are better then banks in my opinion, and there are a lot of community type credit unions popping up.
 
 
+3 # jon 2011-10-31 20:07
Credit Unions were not de-regulated, only commercial banks were.
 
 
+8 # early autumn 2011-10-31 17:53
Here is part of my letter to the CEO of Wells Fargo.....

Mr. John G. Stumpf:
CEO, Wells Fargo

Dear Mr. Strumpf:

I am announcing to you (and to some of your colleagues) that my wife and I are, after several decades as a Wells-Fargo customer, withdrawing all of our funds from Wells Fargo, and closing all of our accounts, thus terminating our association with your institution.

We do this because of anger with the banking industry, and with Wells Fargo in particular. My understanding is that you took some twenty million dollars in remuneration last year as CEO. With the unemployment and otherwise desperate hard times occurring in this country, for you to take that kind of remuneration is nothing short of grotesque.

Let me quote one of our famous attorneys Joseph Welch who, in dealing with another American who behaved with no sense of public conscience, asked Senator Joe McCarthy: “Have you, sir, no sense of decency?” Mr. Stumpf, have you no sense of decency, taking twenty million dollars of salary and bonuses when so many of our children go hungry to bed at night?
.......
Gerry Long
Newport Beach, Ca.
 
 
+3 # capnDave 2011-11-01 08:32
Way to go Gerry ! I had an account taken over by Wells Fargo with all the usual problems so I switched to First Interstate.
That was taken over by Wells Fargo so I had to switch again.
Meanwhile I had a Wells Fargo Master Card which became a
victim of identity theft in Los Angeles where I do not use the
card. It could only have been an in-bank violation since I was
attributed as the father of a Latino which I am not. Needless
to say I canceled the card.
 

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