peaceandlove
10-20-2009, 11:13 PM
Had Enough? Time For A Boycott! :trumpet:
Tuesday, October 20. 2009
Posted by Karl Denninger
http://market-ticker.denninger.net/
Have you had it with the scams, frauds, "mark to myth" and lies?
Tired of this sort of garbage - being punished for being responsible? Latest bank fee is for paying off credit card on time every month http://www.usatoday.com/money/perfi/columnist/block/2009-10-19-bank-of-america-card-fee_N.htm
You may believe that your exemplary behavior shields you from unexpected credit card fees. Sadly, that is no longer the case.
You can stop it.
Yes, you. (CAN) (PaL COMMENT)
All 330,000,000 of you.
Here's how.
Go withdraw all your money and business from the following institutions:
Bank of America
Wells Fargo/Wachovia
Citibank
JP Morgan/Chase
Those four.
Place your business with a local community bank or credit union in their place, and tell the above four institutions to "**** off."
I've resisted doing this, but the idea that banks are now going to try to penalize those who do not carry balances or pay late fees is the last straw.
This is a call for a boycott.
A call to break these institutions by destroying their deposit base and "net interest margin", one consumer at a time, as a protest against the outrageous actions these firms have taken in terms of risk and their shifting of the costs of that risk, which should have resulted in their failure and closure by The FDIC and OCC, onto the backs of their customers via outrageous fees, interest rates and costs, along with the direct subsidy being paid by all taxpayers generally.
CONTINUES: http://market-ticker.denninger.net/archives/1524-Had-Enough-Time-For-A-Boycott!.html
SEE ALSO THIS PREVIOUS POST :arrow:
CALL for a National BANK BOYCOTT Bank of America by KARL DENNINGER
http://www.projectavalon.net/forum/showthread.php?t=16667
Tuesday, October 20. 2009
Posted by Karl Denninger
http://market-ticker.denninger.net/
Have you had it with the scams, frauds, "mark to myth" and lies?
Tired of this sort of garbage - being punished for being responsible? Latest bank fee is for paying off credit card on time every month http://www.usatoday.com/money/perfi/columnist/block/2009-10-19-bank-of-america-card-fee_N.htm
You may believe that your exemplary behavior shields you from unexpected credit card fees. Sadly, that is no longer the case.
You can stop it.
Yes, you. (CAN) (PaL COMMENT)
All 330,000,000 of you.
Here's how.
Go withdraw all your money and business from the following institutions:
Bank of America
Wells Fargo/Wachovia
Citibank
JP Morgan/Chase
Those four.
Place your business with a local community bank or credit union in their place, and tell the above four institutions to "**** off."
I've resisted doing this, but the idea that banks are now going to try to penalize those who do not carry balances or pay late fees is the last straw.
This is a call for a boycott.
A call to break these institutions by destroying their deposit base and "net interest margin", one consumer at a time, as a protest against the outrageous actions these firms have taken in terms of risk and their shifting of the costs of that risk, which should have resulted in their failure and closure by The FDIC and OCC, onto the backs of their customers via outrageous fees, interest rates and costs, along with the direct subsidy being paid by all taxpayers generally.
CONTINUES: http://market-ticker.denninger.net/archives/1524-Had-Enough-Time-For-A-Boycott!.html
SEE ALSO THIS PREVIOUS POST :arrow:
CALL for a National BANK BOYCOTT Bank of America by KARL DENNINGER
http://www.projectavalon.net/forum/showthread.php?t=16667