Who do YOU bank with? [Bank Local!]

Governator’s “Bank on Oakland” promotion revealed by Mayor Dellums – great, if people avoid big evil tapeworm banks

Mayor Dellums has proposed that all Oaklanders who use check cashing services switch over to BANKS. Good idea, but we should all say, FUCK the big tapeworm banks! They take our income taxes and report “surprise” profits; they launder drug money from our now-wrecked communities; they charge high fees. Isn’t enough, enough?*


Dellums further encourages Oaklanders to bank with some of the very criminal banks which have taken our tax money through these various keep-rich-people-from-losing-money schemes: TARP, TALF, AIG’s fradulent $100 billion bailout, Federal “loans”, Obama/Geithner’s PPIP toxic crap for taxpayers program, etc. And WTF Dellums now encourages us to reward these same gnome banksters by opening up accounts there:

You’ll note plenty of drug money connections above.

You probably have no idea that the CIA has funneled thousands of tons of drugs into our own country to finance foreign policy excursions. There’s even a GNN video about it on YouTube – also available at GNN.

If you can’t get your mind around the drugs, nevermind that for now.

From a Year Ago: Oakland City Atty Russo Claws Back a Few Million from Banksters (good preview of our current national situation, no?)


April 23, 2008 07:37 PM Eastern Daylight Time
“OAKLAND, Calif.–(EON:Enhanced Online News)–On Wednesday, April 23, the City of Oakland filed a federal antitrust lawsuit against national financial firms such as AIG Financial Products, Bank of America, Bear Stearns, JPMorgan Chase, Wachovia Bank and others.

“City Attorney John Russo held a press conference to announce the lawsuit, which charges the companies with conspiring to gouge taxpayers in Oakland and other American cities through illegal price fixing and bid rigging.”


If only Top Cop Eric Holder (Obama’s DOJ AG) and the FBI would go and Arrest and Jail these iBankster CEOs!!! But no, he and Geithner and Obama only do a post-Enron-style prosecution of little fish Madoff and AIG execs. Give me a break.

*To Dellums’ credit, there are many local banks and credit unions participating as well. There may be a few solid institutions there who we should support — after reviewing their annual financial statements and knowing who the managers are. I’m surprised Mechanic’s Bank, a regional bank is not on the list.

I bank with Cooperative Federal Credit Union on Ashby Ave in Berkeley. It’s not the greatest – their ATM machine was down last night, they’re closed weekends, someone keeps hacking their database such that I keep needing to get a new debit card… but it’s cheap ($1/month for checking w/o DD) and local. They aren’t doing sub-prime crime in hand with Fannie, Freddie and HUD. COOPFCU sucks less than any big tapeworm bank but I don’t recommend joining them. There are better CUs, such as SF Fire, which even pays ATM fees you incur at other banks’ ATMs. Do your homework and find a good local bank or CU.

Organic foodies say “eat local” because it’s better for you. I say, “bank local” because it too, is better for you.

Here’s more revelation about The Bezzle care of Bill Moyers:

So, who DO you bank with? I doubt anyone who banks with BofA or Wells is going to admit it in the poll below, but let’s see.

If YOU bank with Wells Fargo-Wachovia, BofA, WamuChase or any other gigantic banking tapeworms, you need to switch. Join a local/regional bank or credit union. Fast: Here’s how.

And, join the April 11th protest against ongoing bankster fraud and corporate bank welfare! I’ll be at the SF FRB protest.

Read more about our banking fiasco at Solari Financial Intimacy, Market Ticker or at Culture of Life News.

“As Americans prepare our tax filings, the tensions around bailouts and corruption grow and the truth about the intentional nature of the financial fraud emerges.”

“Ready to print your own currency?”

[Update: This is a state program and Oakland is a pilot city. On the other hand, as already noted by artemis, check cashing shark joints charge insane fees up to 300% per year, so banks are definitely better. (These sharks are essentially mafia without the assassins, yet.) We definitely want to work with all the reputable small banks and credit unions on the site here, after researching their backgrounds!]


6 responses to “Who do YOU bank with? [Bank Local!]

  1. While I’m completely with you on the local credit union front, I think it’s important to underscore that as bad as the big banks are, check cashing services are all that and then some. It *is* critical for people to stop using them and get out of the vicious cycle of relying on their services at steep, steep predatory fees.

    Bank on Oakland is a really important program to get people out of this loop—and it is not remotely just big banks. One reason so many of the big-boy banks is that this is a “feel good” program they can participate in with little cost to them. That said, the majority of financial institutions participating are local and many are credit unions.

    Here’s the full list of banks participating (including Patelco, my credit union, which I love):

    Amalgamated Bank
    Banco BuenaVentura
    Bank of America
    Bank of the Sierra
    Bank of the West
    California FCU
    Central Valley Community Bank
    E1 Credit Union
    Guaranty Bank
    Kaiser Credit Union
    Mission Area FCU
    Mission National Bank
    Northeast Community FCU
    Patelco Credit Union
    People’s FCU
    Oakland Municipal Credit Union
    OneCalifornia Bank, FSB
    Redwood Credit Union
    San Francisco FCU
    Santa Clara County FCU
    Security First Bank
    Spectrum FCU
    Sterling Bank and Trust
    Union Bank of California
    United Commercial Bank
    United Security Bank
    US Bank
    Washington Mutual

  2. (Oh, and incidentally, Dellums should get neither grief nor glory for this—Oakland is just the pilot project for the state “Bank on California” initiative.)

  3. Good points! The main point of it is to get people’s attention on the big banks and why they should be avoided.

    I fully support reputable local banks & CUs, as mentioned in my post. 🙂 Will update it a bit.

  4. Quercki M. Singer

    I like credit unions. Most of them have LOTS of ways to be eligible to join.

    Kaiperm has been taken over by Alliant CU. They pay 2.75% APY on a savings account. (That’s really high right now.) They just re-located at Kaiser Center. (Kaiser Credit Union is a different credit union than Kaiperm CU.)

    If you have $1000, PatelCo will pay 7% for a year for new members. They’ve also got a great youth account. Lots of branches.

    Provident CU will pay 3.26% on the money in your Super Reward checking account. (There are some requirements you have to meet–like an auto deposit.) They’re on Edgewater.

    Most credit unions belong to the CU Service Center network so that you can use of them as a branch for almost anything except maybe opening a new account. And you can use the ATM at any 7-11 for most of them, even for deposits!

  5. Your note on Patelco is funny, because it’s actually one reason I chose them—because they had multiple branches, they had a stronger financial stability rating at the time than some of the smaller credit unions. (Haven’t checked it recently, though.) They’re headquartered in SF with branches across the Bay Area and Sac Delta, which is pretty local as those things go. (Many of the area CUs still afloat have multiple branches now, though—in some cases because they’ve merged with others over the years.)

    It’s also important to find out how a CU or bank is supporting the community. (That was my other deciding factor when I was choosing my particular CU, as they were one of the few investing extensively in Oakland projects.) My first bank account as an adult was with Boston’s Wainwright Bank, which is something of a pipe dream for progressives (locally-owned with huge, huge investment in community-based social programs), so I spent a long time searching for something that might come close on the West Coast. It’s tricky, but the local CUs are as close as it gets, it seems.

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