I find the obsession with Guy Fawkes Day and the V for Vendetta masks to be somewhat ridiculous, to the extent that it advocates passivity while waiting for a black-caped savior to rescue the masses from government control. (Think about it — the downtrodden Brits in the film did little aside from show up at the alloted time and place wearing a creepy mask.)
Nonetheless, November 5 is as good a day as any to move from big banks to credit unions:
The growing anger directed at U.S. banks (especially the big ones that took federal bailout funds) over recent fee increases coalesced this weekend into a Facebook-driven campaign urging Americans to close their accounts at large banks and move their money to credit unions by Nov. 5.
Though not initiated by the Occupy Wall Street movement in New York and other cities around the country, the effort has been embraced by the protesters, and their “We are the 99%” mantra is all over the “Bank Transfer Day” Facebook page — making this the first specific action by a political movement that has been criticized as unfocused and incoherent.
Bank Transfer Day was started by a 27-year-old Los Angeles art-gallery owner, Kristen Christian. She says she’s not affiliated with the Occupy Wall Street protesters but that many organizers of those demonstrations had reached out to her to express support.
Christian chose Nov. 5 because of its association with 17th century British folk hero Guy Fawkes, who tried to blow up the House of Lords but was captured on that date in 1605. In an interview with the Village Voice, however, Christian and Occupy Wall Street leaders who discussed the effort to get Americans to move their money from large banks to small institutions emphasized that they weren’t trying to create a collapse of the financial system. ”I’ve been very careful to state that this is not … anarchy,” Christian told the Voice. “It’s shifting the money to a company people respect the practices of. It’s like, if you don’t like Walmart’s practices, shopping at a local grocery store instead.”
I’m planning on moving my money from Citibank to a credit union. Even if I were still making the big bucks and therefore had no concerns about maintaining a balance of $6,000 per month, it’s important, I think, for The Riches™ to stand in solidarity with The Poors™.
I also think it’s important to flip big banks a vigorous bird.
[via TIME]Angry Black Lady Chronicles]