Failed Empire

Chronicling the collapse of a failed society

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.

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4 responses to “End the Banking Monopoly: Support the Banxodus

  1. Carla Clark November 4, 2011 at 10:15 am

    I can’t see a list of banks on the Banxodus website w/o pledging to move my money. I won’t commit to move my money until I have checked out alternative banks. This is a Catch-22.

  2. Anonymous November 4, 2011 at 2:59 pm

    I agree with Carla. I don’t support the mega banks but will not just blindly follow Banxodus.

  3. Anarcissie November 9, 2011 at 2:00 pm

    The pledge doesn’t do anything. It’s a vacuous gesture.

  4. Andrew B. November 12, 2011 at 5:07 am

    I should have been clearer in stating that I support the idea of the Banxodus, rather than this specific movement. I agree wholeheartedly that signing the pledge is a vacuous gesture – I haven’t even done so myself – and it is foolish to commit to pledging money without having more information. But the idea of a banxodus is something we should all be embracing; after all, the banks derive their wealth from us, the ignorant plebes. If people removed their funds from these corporate monsters en masse, their power would vanish instantly. So perhaps the title should read “Support a banxodus,” rather than “Support the Banxodus.”

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