The general pattern of the FDIC closing banks with weak operating characteristics and deepening asset quality troubles continues. The FDIC shuttered four additional banks today bringing the 2012 count to seven.
"We are being bamboozled by lobbyists, it's time for democracy to be restored," Deepak Chopra told his guests, Arianna Huffington and Dylan Ratigan at a DeepakHomeBase (DHB) event this week.
My university and many other Jesuit institutions uphold a great standard in their commitment to fighting for social justice. Is investing in corporate banks, which foreclose on families who they purposefully target with sub-prime mortgage loans, socially just?
If Americans set up their lives so that we depend less on Wall Street and Washington, both entities will notice. We will be hitting them in the place where it hurts the most: their wallet.
By keeping their massive endowments in big banks, colleges inherently support the behaviors of those banks and everything those banks invest in. And those things happen to constitute the seeds sowed from which we now reap this crisis.
Neighborhood credit unions could become an alternative to big banks for Chicago residents, if Second Ward Alderman Bob Fioretti is successful in passing an ordinance he introduced yesterday.
The 99% is a heterogeneous construct. Factors of race, ethnicity, age, and privilege constitute real obstacles to collaboration, a problem compounded by the tendency of groups to work within enclaves.
Because of the urgency to get their fellow comrades out of jail as soon as possible, the banking institution many protesters consider the cause of the economic crisis and inequity will now occupy the movement's money.
Switching to a credit union is one of the easiest and most sustainable forms of protest, and one of the most effective ways to shift the (im)balance of power.
Meet Fran Ilich, a media artist and activist who started his own investment bank six years ago with nothing more than server space.
Saturday was "move your money" day. Wall Street banks won't tell how many customers they lost. But depositors, more than 78,000 of whom pledged to make the move, made their point. They voted differently. They voted with their feet and their wallets. And they won.
You want to do it. You've been meaning to do it. Here are 5 reasons to finally ditch your too-big-to-fail bank and move your money to a local credit union.
Today, tens of thousands of people all over the country will leave the big banks and move their money to community banks and credit unions, where people remember things like customer service and loyalty.
As thousands and thousands protest Wall Street and 99% of Americans face a challenging economy, many of us have been asking ourselves, "What locally can we do to help?"
Let's make Bank of America remember the old adage: "The pigs get fat and the hogs get slaughtered." Let's use their own greed to stoke the "Occupy Wall Street" sentiment that is -- quite correctly -- sweeping the country.
If I were 22 instead of 52, I'd probably be out on the streets. Instead, like most baby boomers, I'm watching the revolution on television. And supporting the protesters in a middle-aged way.