11/5 Seattleites Break Up with Their Banks

Starting at 1pm on November 5, 2011, Occupy Seattle will host a rally at Westlake Park in downtown Seattle in support of National Bank Transfer Day, the day people around the country close their accounts at commercial banks and take their business to local banks and credit unions. It’s time to hold the big banks accountable for foreclosing on millions of families, cutting back on small business loans that create jobs, and avoiding their fair share of taxes through offshore accounts and loopholes. It’s time to tell the banks; it’s not me, it’s you.

Occupy Seattle believes that we need to support financial institutions, like local banks and credit unions, that invest in our communities, make loans to small businesses, and help create jobs. There is no reason to continue doing business with the Wall Street banks that crashed the economy and have done little to help the nation recover. Every dollar we take back goes towards building a new bottom line that means good jobs and healthy communities.

The performance lineup for the rally includes locally known and internationally revered singer Jim Page, the popular Trip Hop band Surrealized, America’s Got Talent Alumnus Jen Seaman and comedians Travis Simmons and Nigel Larson.

Formed on October 1, 2011, Occupy Seattle is a leaderless movement of concerned Americans who have taken to occupying public spaces in order to focus our nation’s attention on the undue influence of large corporations on our government, elected leaders and our democracy itself. It is inspired by and modeled after the Occupy Wall Street movement.

10 Responses to 11/5 Seattleites Break Up with Their Banks

  • msmikestew35 says:

    Since Bank of America increased user fees, people have been voluntarily moving to credit unions. OWS organizers seem to be wanting to win a cheap victory based on this.

    Moving money to credit unions will not get people who are on the road jobs that they lost, or the homes that the banks stole. The largest accounts at these banks are not those of the 99%.

    The determined attempt of the organizers to lead this movement astray is quite remarkable. There are many lessons for us here.

    • totheroots says:

      The point mike is to stop giving our power away by doing business with the robber barrons who have created this nightmare and are still making profit off us if we have any money in their banks. the point is to put it on credit unions who loan it in the community. Yes people have been figuring this out on their own. And don’t worrry we are not only focused on banks, but on the whole corporations as people vampire system!

    • b_FirF says:

      Certainly there are other important things that must be done. Certainly regaining control of our government is a primary goal of this movement, but gaining control of our economy is also of primary importance.

      Money is power, speech is power, and together we choose what products to support. The companies of this world abuse us because we let them. There was a day and age where the customer was always right, a day and age when people stood up for what they believed in. It was because of that companies knew that they could not violate their customers and get away with it, they could not abuse their employees with impunity.

      Gone are those days, replaced with apathy. We take our abuse in exchange for convenience, in exchange for cheapness facilitated by abuse and atrocities that we turn a blind eye to. We sit on our couch and consume industrialized slime and filth, unaware that we are flies building a spiders web.

      What begins here is a stand. Today we stand for what know to be true. We stand for justice and the freedom to choose our destiny. No longer will we support corrupt and abusive companies that rob us of our freedom to live a life of prosperity. Life, liberty, and the pursuit of happiness.

      I certainly do not feel lead astray in the least bit.
      Cheers!

    • ThomHartmannRocks says:
    • ThomHartmannRocks says:
    • REPUBLIC says:

      Yes, I used to have money in banks, and I have noticed that fees and everything else were increasing so I have been using a credit union for about 2 years, and I have noticed they are more people friendly and there is no ridiculous fees.

    • REPUBLIC says:

      In order for the big capitalist corporations to collapse is to stop buying from them and buy from socialist companies, if there is any in the USA, and small business including the local ma’ and pa’ stores. I don’t have much money to start a small business, but I would like to start one some day.

  • Dane says:

    If several million people or more did this it would be great.

  • msmikestew35 says:

    So these comments show that you feel that at any point in time, the capitalist market is driven by consumers. We the working class consume and thus the capitalist class produce. If we stop consuming, or in the case of banks, if we move money away from ‘bad’ ones, capitalism has no choice but to become more tolerable.

    Have I captured the essence of your argument?

    But, even a superficial look at how capitalist production happens puts this theory to a serious test. Did millions of people fight a campaign to demand the Internet, or to demand the next version of the iPhone? No – the Internet was funded under DARPA for specific reasons of an Imperial nature. Similarly most consumer devices are made by companies in an attempt to cut down the competition and boost profits.

    How can the consumer really fight this? Say we take all our money out of the big banks. It is an insignificant amount of the total money the banks have. And more importantly, even if this were to have an effect on the bank’s balance sheets, they will be bailed out using our money by the government. And we all saw that bank failures in Oct/Nov 2008 were not pleasant events for the working class – people were worried about not getting paid, the interbank loaning was hard, and companies that employed people were scrambling to meet payroll.

    The big banks have us (and the state) where they want. We have no power over them as long as they are not under the democratic control of the working class. The state is owned by them, so it is futile to look that way for help.

    What is of utmost necessity is developing a political program, a perspective for the working class. Workers create all this wealth – including the money in the banks – and workers must rise to the occasion to lay claim to it. There is no other solution to this crisis of capitalism and all attempts to say otherwise (like the organizers are doing) amount to leading people astray.

  • iandunn says:

    The calendar says this starts at 10am, but this post says 1pm. Does anyone know which is correct?