News

Protesters ask residents to move money from 'big banks' during Bank Transfer Day

Sheila Karlson used to keep her money in a "big" bank until a few years ago, when she was laid off from her job as a software technician. Karlson was worried about how she was going to continue making the sizeable monthly payments due on her

credit card. When she went to her bank for a loan and they refused to listen to her, she took her money to a smaller, community bank.

"I got a loan and eventually was able to pay the card off," said Karlson, 68.

The Livermore resident was one of about 40 people who gathered on Crow Canyon Road in San Ramon on Saturday -- in front of a plaza that contains branches of Bank of America, Citibank, Chase and Wells Fargo -- to participate in "Bank Transfer Day," a national day of action aimed at encouraging people to ditch "big" banks in favor of smaller community banks and credit unions.

The participants in Saturday's protest, organized by activist group MoveOn.org, said they wanted to bring attention to their frustration with seeing people across the country losing their jobs, their health insurance and their homes because of the financial crisis while banks receive bailouts, Wall Street receives bonuses and the

government remains inactive.

"I'm tired of the direction this country is going in, and the inability of Congress to do

anything about it," said 63-year-old Danville resident John Barry, Lynn Summers agreed.

"The issue is fairness," Summers, 66, from Danville, said. "This is a groundswell

organization of people who realize there's a grave injustice in the country."

Shayna Friedman, 17, and her brother Mason, 14, walked over from their nearby house to check out the demonstration.

Both she and her brother have been keeping up with the movements that have been occurring across the country, but said that not that many people their age have -- and that needs to change.

"It has to do with our future," Shayna Friedman said.

Mason agreed, adding that the protests definitely affect teens. "Going to college doesn't guarantee us a job anymore," he said. "That's a big worry."

Saturday's crowd had about 10 or 15 more people than at previous demonstrations organized by MoveOn.org in San Ramon, estimated Karen Beck, the organizer for the Tri-Valley chapter of the group.

"We're working still on getting people's attention," Beck said. "We're still waking people up."

Like many of the demonstrators, Bob Shattuck, 70, said he was optimistic that the movement would continue to grow. The Danville resident said he was inspired to come out after viewing the Occupy Wall Street movement a few weeks ago during

a visit to New York City. He took several pictures, but didn't know too much about

what was going on. When he got back home, he went online to learn more and decided to get involved.

"My hope is that this will encourage other people to join, and more and more people will get enthusiastic," Shattuck, 70 said, as several of the cars traveling down Crow Canyon road honked in support of the demonstrators. "Or they'll at least investigate what's going on."

Comments

 +   Like this comment
Posted by cardinal
a resident of Diablo
on Nov 7, 2011 at 6:21 am

EVery day is Move Your Money Day. Show those banksters that the 'invisible hand' can whump them upside the head, too.

It's the American Way.


 +   Like this comment
Posted by Daryl
a resident of Danville
on Nov 7, 2011 at 6:53 am

That this was sponsored by moveon.org says volumes. This is a branch of socialist soros' army. They r linked with the defunct (but under a new name) Obama brown shirts acorn. Get out of our communities----Cuba welcomes you.


 +   Like this comment
Posted by cardinal
a resident of Diablo
on Nov 7, 2011 at 7:37 am

@D: you are a lamb being fleeced and led to slaughter -- not by Che Guevara or anyone in a brown shirt -- these mobsters wear nicely starched, monogrammed shirts with gold cufflinks and the finest silk ties. They answer to names like "Rupert" and "Roger."

You answer to "Stooge."


 +   Like this comment
Posted by Joe
a resident of San Ramon
on Nov 7, 2011 at 7:46 am

Think Globally, Act Locally


 +   Like this comment
Posted by Jim
a resident of another community
on Nov 7, 2011 at 8:40 am

Cardinal from DIABLO is part of the movement to collapse capitalism. You just can't write this stuff.


 +   Like this comment
Posted by cardinal
a resident of Diablo
on Nov 7, 2011 at 9:25 am

Jim, my success at capitalism was earned, as John Houseman used to say, the old-fashioned way. That makes me a pretty severe critic of those who rig the game.

Like the banks. That doorbell you hear? That's the BofA, personally delivering your new fees. What service! You can continue to pay those buccaneers if you want (but then you'll never be able to afford Diablo).


 +   Like this comment
Posted by Jim
a resident of another community
on Nov 7, 2011 at 9:57 am

You are aware cardinal that you've aligned yourself with people that want to collapse the system, not just fix it? I stopped doing business with BofA over 20 years ago because I didn't like the way they did business, not because a socialist organization told me to do so. If you choose to support the goals of OWS, you're now in the fine company of Russia, China, Cuba, Venezuala and Iran who've openly come out in support also. Not to mention other socialist, marxist, communist and anarchist groups. If a few inappropriate signs at nonviolent Tea Party rallies makes them all racists, what are we to think about OWS?

Fix the regs to address the problems and "Move On". Dodd-Frank did nothing to address that.


 +   Like this comment
Posted by cardinal
a resident of Diablo
on Nov 7, 2011 at 10:07 am

I am aware, Jim, that you are badly, sadly misinformed.

Fox is the price we pay for the First Amendment, which presupposes a less credulous populace. You are the hen house.


 +   Like this comment
Posted by Jim
a resident of another community
on Nov 7, 2011 at 10:35 am

Typical. Straight to the personal comments. Who should I believe, you or my lying eyes? Try looking deeper than headlines and soundbites. There's more than enough information out there without relying on Fox News, which often gets it wrong. In fact, feel free to go look at some of the websites of groups supporting and organizing OWS. I prefer to take them at their own words, as opposed to someone elses spin. I knew OWS was going to happen six months before the "spontaneous uprising" began. Did you?


 +   Like this comment
Posted by Ghost of Joe McCarthy
a resident of Danville
on Nov 7, 2011 at 11:24 am

Daryl, your spelling is as poor as your thinking. To all all those whose postings come from 1959, you're only about a half century behind the times. Come on, you need some contemporary epithets!


 +   Like this comment
Posted by cardinal
a resident of Diablo
on Nov 7, 2011 at 12:38 pm

It's a relief, Jim, to learn that you're not into 'personal comments' -- after your first entry above, I must admit I had my doubts.

The Occupy movement is not, and need not be, a product of any sinister influence -- foreign or domestic -- unless you count the banks as one of the precipitating elements. It is a very American expression of populist discontent with the direction of the Republic. What I find fascinating are the folks whose interests clearly aren't represented by the entrenched powers, yet who cling to the current direction of the country, and fear change.

I think they are living proof that our educational system needs some serious attention in the critical thinking realm.


 +   Like this comment
Posted by Jim
a resident of another community
on Nov 7, 2011 at 12:59 pm

cardinal - I have zero problem with people protesting. In many of the countries who support this movement, they would be jailed, or worse for doing the same thing. Some of the surface issues are quite valid as well, but I do not believe that the end justifies the means. To many of the backers of this movement, the goal is to use this current outrage to collapse the financial system in this country. Something I seriously doubt they'll be able to accomplish but they will sow even more discord before they're done, to our detriment.

There are some greedy bankers in this world, and then there's the vast majority of them who aren't. Quite frankly, had Glass-Steagle not been repealed (a bipartisan effort), we wouldn't be in the mess we're in right now. The removal of that firewall turned the financial world into a free for all that we're all now paying for. Dodd-Frank did absolutely nothing to address those issues, and quite frankly, Dodd and Frank are two of the primary government culprits. The protestors should be set up in front of the WH and Congress as well as Wall Street.

I fully agree with your final sentence, for completely different reasons. Critical thinking has been removed from our education system and replaced with "parroting" whatever professors spout. If the students who purportedly started this protest were so upset over the size of their student loans, they should have set up on campuses all over the country, because that's where the tuition rates were set in the first place, not in a bank board room.


 +   Like this comment
Posted by Douglas
a resident of Blackhawk
on Nov 7, 2011 at 1:20 pm

cardinal

If you're any representation of who lives in Diablo, who would want to live there? BTW, in case it got by you, you are part of the 1% they are railing against! Maybe your armchair blogging supporting "the cause" is the way you are easing your guilt?! Try putting your money where your mouth is.


 +   Like this comment
Posted by RWR
a resident of Danville
on Nov 7, 2011 at 1:30 pm

Anyone who ever follows Danville Weekly is use to the ridiculous posts of "Cardinal", the champion of the little guys(although he lives in Diablo)He is like the Kennedys and other limousine liberals, so out of touch in his millionare mansion with those of us who do not have a trust fund to live off.


 +   Like this comment
Posted by cardinal
a resident of Diablo
on Nov 7, 2011 at 2:31 pm

Who knows -- maybe I'm just a cabana boy, having recently walked across the Rio Grande.

Anyway, you guys should quit engaging in "class warfare."


 +   Like this comment
Posted by C. R. Mudgeon
a resident of Danville
on Nov 7, 2011 at 2:37 pm

Changing banks because you don't like their fees, or their service, is of course how the free enterprise system keeps businesses competitive. Unfortunately, the people protesting the big banks for various political reasons are allying themselves, either knowingly or unknowingly, with people who DO want to tear down the free enterprise system.

Some facts that don't seem to get mentioned by the Occupy folks are:

- By and large, the big banks that received TARP funds (the "bailout") have all repaid those loans, with interest. (And they were loans, not gifts, at least in the case of the banks.)

- Most of the banks' attempts to raise fees on account holders are a fairly direct result of Dodd-Frank. By limiting the fees that banks could charge for things like overdrafts, late payments, and the like (in order to "protect" consumers), Dodd-Frank nudged the banks in the direction of charging fees to everyone. Just another example of people who follow the rules being asked to pay more, to cover those who don't.

- Many of the Occupy movement want taxes to be raised on "the rich" (usually defined as "people who make a lot more than me, regardless of how much I make"). Ironically, credit unions, as non-profits, don't pay federal income tax. Whereas banks do. So by urging people to move their accounts from banks to credit unions, the protesters are inadvertantly causing a reduction in federal tax receipts.

Darn tricky, this "sticking it to the man".... Sometimes "the man" turns out to be you, or your friends!


 +   Like this comment
Posted by Douglas
a resident of Blackhawk
on Nov 7, 2011 at 2:39 pm

cardinal

Ya, sure you are!!!


 +   Like this comment
Posted by Derek
a resident of Danville
on Nov 7, 2011 at 3:51 pm

Without getting into the silly redundant arguments that always present here, have any of you had much experience - good or bad - with Mechanics Bank? They have a small branch in Lunardi's, and it seems to be the only one around our area. Some of my customers seem to like them quite well.
I think there is also a community bank in the three story building behind Country Waffles? We do want to move some of our money out of B of A. Any feedback would be appreciated.
Thx,
Derek the Snarky


 +   Like this comment
Posted by cardinal
a resident of Diablo
on Nov 7, 2011 at 4:13 pm

Patelco is just down the block, across from el watchtowero. Not too sure about the ownership of Banco de los West around the corner.


 +   Like this comment
Posted by InAlamo
a resident of Alamo
on Nov 8, 2011 at 7:49 am

I don't think "Bank Transfer Day" is liberal or conservative cause (ignoring for a second that it was sponsored by MoveOn.org). I am a libertarian and Ron Paul supporter and I think starving out the big banks -- who in turn control all world's politicians, all world's central banks and all world's governments/regulators is a good thing. It does not destroy capitalism -- rather kill the pseudo-capitalism so that TRUE capitalism can take root. Indeed, I think this is the only thing that both Tea Partiers and Occupy movement supporters should agree on.

Just my $0.02!


 +   Like this comment
Posted by Mike
a resident of Danville
on Nov 8, 2011 at 9:14 pm

Hey folks, the people we trusted to maintain the system collapsed the system, feathering their own nests at the expense of their clients and our country. Something is rotten in the state of the U.S.A. Now is the time to fix it. No more bubbles. No more exploitation. Reinstall Glass Steagall.


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