10 Stories of People Moving Their Money, Despite Banks’ Efforts to Stop Them
Banks are shrugging off the (at least) 700,000 accounts they've lost the last six weeks and claim they don't want your business
November 13, 2011 | Source: Alternet | by
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Banks are shrugging off the (at least) 700,000 accounts they’ve lost the last six weeks and claim they don’t want your business:
[T]he banks are going to be better off because they are getting rid of their least-profitable or not profitable clients. It helps them stem this tsunami of cash that’s been flowing in that they don’t know what to do with.
But not only do they relentlessly advertise for new business on billboards, TV, direct mail and other places, but they fight tooth and nail to prevent people from closing their accounts. The Daily Kos community and others have chronicled many such efforts, so follow me below the fold for ten of these awesome stories.
“He has a right to speak,” said the cop to the banker
When Daily Kos community member marvinborg was distributing flyers outside of local Chase and Bank of America branches encouraging customers to move their money to credit unions, one of the managers called the police on him. When they arrived, the police promptly told the manager off:
“He has the right to speak and the right to hand out flyers. Unless he blocks you or causes a disturbance, he has the right to be here – please don’t call the police again if he is not bothering you. If you don’t like free speech you should move to another country.”