Don't Forget Bank Transfer Day November 5th

Don't forget!!  Saturday is "Bank Transfer Day".

Can't stand big ole blood sucking banks?  Well, you've got a chance to take part in the "Occupy Wall Street" movement, even if you can't physically be at an #OWS event.  If your bank has horrendous fees, is getting on your last nerve, and you just can't take it anymore ... move your money.  The official national "Bank Transfer Day" is Saturday, November 5th.

["Bank Transfer Day" is not affiliated with "Occupy Wall Street"]

Bold Progressives "Banxodus" website


4 Simple Steps for Taking Your Money Out of the Vampire Banks | | AlterNet, by Lynn Parramore, October 30, 2011

Move Your Money Project

Bank of America Campaign on Change.org

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BAILOUT BANKS STILL OUTSOURCING JOBS

If this doesn't make you sick and outraged, I don't know what else will.

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Excerpt from: "Bailing On US Workers" by John Aidan Byrne

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"US banks that have taken billions of dollars in taxpayer bailouts are still shipping thousands of jobs overseas.

Earlier this month, Bank of New York Mellon, which received $3 billion in TARP funds, opened its third call center in Pune, India, where it now employs 1,300 people.

Doug Brown, who wrote "The Black Book of Outsourcing," said Bank of America, with $52.5 billion of TARP funds in the kitty, has expanded its India-based payroll to 5 percent of its 301,000 employees in 2009, about 15,000 people.

The moves, which have outraged unions, are 100 percent legal. Congress didn't put into the TARP law any restrictions on shipping jobs overseas.

Citigroup, which got $50 billion in TARP funds plus $300 billion in government guarantees, plowed ahead with a program last fall to add as many as 1,000 call-center employees in the Philippines -- weeks after it got its first round of taxpayer relief.

Representatives for Citigroup and Bank of New York Mellon declined to comment on their outsourcing arrangements. A Bank of America spokesman said the firm has not announced any facility openings outside the US since last year."

-http://www.nypost.com/seven/04262009/news/nationalnews/bailing_on_us_workers_166325.htm

BAILOUT BANKS OPPOSE EFCA - OUTRAGEOUS!

"Embattled financial giant Citigroup Inc., which has received at least $50 billion in federal bailout funds, hosted a private conference call on Wednesday to build opposition to the Employee Free Choice Act.

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The call, which came just one day after the labor-backed legislation was introduced in Congress, represents a growing effort on Citi's behalf to air concerns about the bill, which would make it easier for employees to organize. On Tuesday, the bank downgraded Wal-Mart's rating over fears that the Employee Free Choice Act could pass.

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Wednesday's conference call was led by Glenn Spencer, a senior executive at the U.S. Chamber of Commerce and an ardent EFCA opponent. It was promoted as "An Update on the Employee Free Choice Act," but much of the content was focused on demonizing the legislation. EFCA will "inhibit flexibility," "hamper companies from competing effectively," and prove "cumbersome" for business, declared Spencer. "From the Chamber's perspective, and I would say probably from the whole business communities perspective, there are really no amendments you could make to this bill that would make it acceptable."

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The lines of attack from the Chamber official were familiar. But Citigroup's participation, led by retail analyst Deborah Weinswig, raised some eyebrows. The bank has received ample taxpayer-funded aid through the TARP program, leading some to question whether rallying support for an anti-union effort was the best use of its time or that money.

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"Everyone should recognize that when we are talking about Citigroup here, the emperor has no clothes," said Dan Pedrotty, director of the Office of Investment at the AFL-CIO. "You have a company surviving on taxpayer largess weighing in against workers who want to improve their lives.""

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Story by Sam Stein, March 12, 2009

see entire story here:

http://www.huffingtonpost.com/2009/03/12/citigroup-enters-union-fr_n_174106.html

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My response to Citigroup this morning:

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"I am deeply troubled by your efforts to derail the Employee Free choice Act. Last year Citigroup settled the last lawsuit surrounding Enron, then you feign financial trouble with your company; next you're taking bailout money, and now I find out you are engaged in conference calls with a host of people telling them about so-called evils of EFCA.
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I'm ashamed of you people. Something tells me that you guys are behind the whole economic crisis. Trying to reset wages and ward off unionizing.
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I will do everything in my power to spread the word about you people. I am outraged.

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