Wisconsin Firefighters Hit Bank

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  • Nitro Express
    DIAMOND STATUS
    • Aug 2004
    • 32942

    Wisconsin Firefighters Hit Bank

    Awesome: Wisconsin Firefighters Shut Down Bank That Funded Walker

    Everybody knows the GOP's biggest weakness is money, so why not hit 'em in the sweet spot? That's what many amazing Wisconsin firefighters did yesterday when they collectively began withdrawing their funds from Madison's M&I Bank -- whose executives and board members were among the highest donors to Governor Scott Walker's campaign.

    Heeding a call by Firefighters Local 311 President Joe Conway to 'Move your money,' union members withdrew over $100,000 from the bank, with some reports stating that number is as high as $192,000. Either way, it was a hefty enough chunk of change that M&I shut its doors and closed for the day at 3PM.

    This is a very simple, very peaceful way to inflict some serious damage on the money-grubbers; super kudos to the Firefighters Union.

    Anecdoctally -- 'M&I Bank received $1.7 billion in bailout money via President George W. Bush's Troubled Assets Relief Program. The bank was acquired by the Bank of Montreal in December of 2010 for $4.1 billion in stock,' reports Dane101.

    UPDATE: Stranded Wind over at DailyKos has photos of the protest outside M&I, and says the ante has been upped to $600,000! 'What these pictures show are six hundred ordinary citizens descending on the M&I branch near the Wisconsin Capitol after learning of their purchase of the gubernatorial election last November. Two firefighters with old school ideas about saving had over $600,000 between the two of them and they demanded cashier's checks on the spot.'
    No! You can't have the keys to the wine cellar!
  • FORD
    ROTH ARMY MODERATOR

    • Jan 2004
    • 59558

    #2
    This is precisely what anyone who has an account with Bank of America or Chase should do. Especially if you never chose to do business with them in the first place, and only have an account with them because your bank was swallowed up in a hostile takeover. Starve the Beast. Because if you don't, they will literally starve you (just guess where food prices are going, thanks to the ridiculous Wall $treet driven gas prices.)

    Go with a credit union if you can, or a locally owned bank if that isn't possible. (North Dakota residents can always use their state bank. I don't believe any other state has one)
    Eat Us And Smile

    Cenk For America 2024!!

    Justice Democrats


    "If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992

    Comment

    • Nitro Express
      DIAMOND STATUS
      • Aug 2004
      • 32942

      #3
      I had money in a bank that Wells Fargo acquired. I had three business accounts at Wells Fargo and they started charging me $20 a month to keep my money there when I was getting a little bit of interest from the previous bank. I pulled my money out thinking I was done them. Then my brother passed away and a lot of his money was in Wells Fargo. They were a nightmare. Charles Schwab was excellent to deal with so kudos to them.
      No! You can't have the keys to the wine cellar!

      Comment

      • Nitro Express
        DIAMOND STATUS
        • Aug 2004
        • 32942

        #4
        I was amazed in the south San Francisco bay area there were very few local banks. It was mostly Wells Fargo, Washington Mutual, or Bank of America. Now I think WM is Chase. I just couldn't believe for such a large area how lousy their banking options were. Around here we have some excellent small banks that mostly loan money to farmers and ranchers. Some of them have been around for 50 years or more. I'm completely out of stocks and have my state side money all in various local banks. I have non in the majors. I think we might see more state banks and even state currencies backed by silver and gold. One small mint in Idaho started minting silver and gold coins and allowing investors to keep their money in gold or silver. The Treasury Department raided them and seized their assets; even though, they had done nothing illegal.
        No! You can't have the keys to the wine cellar!

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