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:
- Bank of America (accepted TARP funds; didn’t give backpay to workers in Illinois; former Gov. Blagojevic stood up to BofA, saying he wouldn’t let them have the State of Illinois’ business, which is why BofA canned him. You don’t fuck with the banks! This is never mentioned in the media.)
- Citibank (drug money laundering, accepted TARP funds)
- Wells Fargo/Wachovia (drug money laundering, accepted TARP funds, charges $10/mo for checking)
- Washington Mutual (aka JP Morgan Chase, accepted TARP funds, sports insider trading program for CEOs)
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.
“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.”
- Bill Moyers Interviews William K. Black
- Elliot Spitzer on AIG and Goldman Sachs
- Paper vs Real Things
“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!]