Occupy Pasadena PHOTO: Patrick Briggs (Occupy Pasadena)

Fed up

Occupy Pasadena urges people to transfer their money to credit unions

By Justin Chapman 11/10/2011

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The growing populist anger at large corporations and banks hit close to home last month with the formation of Occupy Pasadena, an offshoot of the Occupy Wall Street protests that began on Sept. 17 in Manhattan.

The local group’s first protest was on Nov. 2, focusing on supporting Occupy Oakland protesters and condemning Oakland police violence. During a recent protest, 24-year-old Iraq War veteran Scott Olsen was left with a fractured skull after he was hit in the head with a projectile fired by police.

Other protests organized by community activists Patrick Briggs and Maddie Gavel-Briggs, who have attended Occupy Pasadena meetings but are not organizers with that group, have taken place at Lake Avenue and Colorado Boulevard in front of Bank of America, Chase Bank and Wells Fargo branches.

Nearly 200 people marched Saturday in support of Bank Transfer Day, an idea created by Los Angeles art gallery owner Kristen Christian that encouraged people to close their accounts with major banks and move their money to not-for-profit credit unions. Over the last month, more than 650,000 consumers joined credit unions, according to the Credit Union National Association.

“Three people with us wanted to close their Wells Fargo accounts, but the bank employees refused to let them in,” Gavel-Briggs told the Weekly

She acknowledged that planning ahead is required if someone chooses to use credit unions and community banks, because there are fewer branch locations.

“It won’t work for everyone, but it will be better if people cut ties with these criminal banks,” she said.

The Occupy Pasadena group, which meets every Sunday at 3 p.m. in Memorial Park, describes itself on its Web site as a “people-powered movement resisting the corrosive power of major banks and multinational corporations over the democratic process, and the role of Wall Street in creating an economic collapse that has caused one of the greatest recessions in American history.”

For more information on these movements, visit greeneggsandham.org/wordpress and occupypasadena.org.

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Comments

JC;

You're leaving out that primary, TBTF* bankster-empowering corporation, The Federal(not) Reserve.

So, what if sufficient "bank-run" numbers of the populist crowds do in fact close out their extra-nationally parasitical banking accounts, then transfer their reserve notes to local economic institutions, and that causes a bankruptcy-potent problem of TBTF liquidity ... what's to stop America's privately-owned reserve-note source from just cranking the printing presses back up (as it did with TARP) and -- again -- bailing out its transnationally-conspiring bankster-buddies?

America's national government should not be paying "The (pseudo)Fed" for what it could be doing itself for free! Additionally, taking back over America's responsibility to produce and manage its own money supply can only be good, as it takes away from America's suck-ass class of politicians a primary tool of economic obfuscation, and then the target of criminal failure will have a true Federal face.

Tall poles, short ropes.

DanD

*too big to fail

posted by DanD on 11/11/11 @ 05:46 a.m.

A common myth about credit unions is that we are not convenient or have a limited number of branches. Actually, the credit union movement long ago addressed that concern by banding together to form the Shared Branch network (CU Service Centers) and Co-Op ATM network. So now our members can walk into branches nationwide and access their accounts and loans at more than 6,000 locations! And there are 28,000 surcharge-free ATMs nationwide including 7-Eleven and Costco. There are Droid and iPhone apps for finding branches and ATMs, or you can text an address, zip code or intersection to 692667 (MYCO-OP) to find free ATMs. PFCU even goes a step further and offers deposit and withdrawal access at Bank of the West ATMs. So we actually have MORE access than any individual bank. Our onlne banking and Bill Pay is also free. Check us out at www.pfcu.org. Thanks!

posted by Pasadena Federal Credit Union on 11/14/11 @ 09:29 a.m.
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