Forum Post: Score Another Win for Occupy.
Posted 11 years ago on June 1, 2012, 2:50 a.m. EST by shoozTroll
(17632)
This content is user submitted and not an official statement
Buffalo City Comptroller Mark J.F. Schroeder announced on Thursday that the city would be pulling $45 million in funds from an account with JPMorgan Chase, following concerns raised by members of the Occupy Buffalo movement.
BuffaloNews.com reported that the Buffalo Sewer Authority funds will be deposited into a higher-yielding account with the local bank First Niagara. The new account will earn 0.30 percent interest. The account with JPMorgan had a 0.25 percent interest rate.
Source: Raw Story (http://s.tt/1d7xR)
Not only that, but the local bank pays better........:)
The rest of the story.
http://www.rawstory.com/rs/2012/05/31/occupy-buffalo-convinces-city-to-withdraw-funds-from-jpmorgan/
Excellent
Ouch! That's gotta hurt. BofA might not give a rat's ass about people pulling out a few thousand here and there, but, Chase sure felt that blow. $45 mil ain't chump change, brother.
I would've loved to have been the 'fly on the wall' when the Pres of the bank was begging Buffalo to reconsider.
Screw JPMorgan, BofA and all the rest of the WallStreet banks.
I hope more municipalities follow suit.
Absolutely. This definitely counts as a win in my book. Guaranteed this was a topic of conversation among the WS crowd.
That is great news indeed!
Now, if only we could get everyone else to remove their money from these bandit WallStreet banks.
Support your local community Bank and Non-Profit Credit Unions.
Protest with real teeth.
A message that can not be ignored.
Kick the TBTF corporate banks in the balls.
Transfer out your accounts.
Good news needs an extra bump..........:)
Nothing at all partisan here, just get you money out of WallStreet banks.
I do what I can. It can be hard to avoid being called partisan even when you try to only support or oppose issues.
I try not to see who an author is - just what the issue is about - then I go on the merits. If it is good I support if it is bad I confront.
Fergettaboutit.
By our nature we are all political beings, and in that way, we are ALL partisan.
If it's the correct thing to do or say, pay no heed to those that will call you partisan as though it's an insult.
It's not. It's just the way you feel.
Thanks. Many do pick up on the fact that it is an issue that is being forwarded. So there is some progress in non-partisanship.
It's just a different partisanship.
Did we forget that Walker was mic-checked?
That was NOT a non-partisan action.
It was a great and funny incident.