End the Banking Monopoly: Support the Banxodus

If you have a bank account in the United States, the odds are pretty good it’s with one of the big boys shown in the graph above – the very institutions which created the financial crisis and are even now still contributing to the demise of America’s working and middle classes.  I used to have an account with Washington Mutual but pulled my money out after it became JP Morgan Chase, when I started noticing mysterious chunks of change disappearing here and there in various new “service fees.”  The level of blatant thievery that the big banks engage in on a daily basis is remarkable, yet their influence in America is such that the very notion of holding them accountable for their actions is unthinkable.  If I removed $20 from my neighbor’s wallet and called it a “service fee,” I would be arrested.  Yet if Bank of America does the same thing, it is simply the cost one pays for the pleasure of having a bank account in America.

BoldProgressives.org is championing a movement to organize a mass withdrawal of funds from the major corporate banks – a movement they affectionately refer to as the Banxodus.  These institutions derive their wealth and power from the resources of ordinary Americans, and there is no reason to think that with an organized, concerted effort we couldn’t bring them to their knees in a single day.

Spread the word, and do your part to help bring down the banksters once and for all.