Excerpt:
If you’re a Bank of America customer, Nomi is right: find another bank. Try a local credit union. Keeping your money in this TBTF behemoth is very unsafe sex.
Incidentally, this kind of suggestion might prove a real help to OWS. One definite tactic that Occupy Wall Street can adopt, going forward, is educating people about the perfidy of certain financial institutions and convincing people to do what they did back in the days of apartheid, which is disinvest. If everyone were to start pulling their money out of the worst-offending banks, that would have a profound effect on the markets and may function as a great short-cut to political change.
Bank of America is a great place to start. All the TBTF banks suck equally, but as George Orwell would say, some banks are more equal than others. Withdrawals would be a great way for people to answer the Fed’s decision to put depositors on the hook for Merrill Lynch’s bad bets.
Full article: Another Weapon for OWS: Pull Your Money Out of BofA | Matt Taibbi | Rolling Stone.
