Today was supposed to be the big bank revolt, when millions of dollars were going to be withdrawn from banks across the nation, but these actions failed to materialize locally.
City Island Images checked area financial institutions and we were told that there was no mass movement to close, or transfer accounts, in fact the bankers we spoke with reported the opposite. They spoke about opening new savings and checking accounts.
The movement, which began with a Facebook posting protesting corrupt crony-capitalist banking institutions was hoping that history would remember the 5th of November!
If the 99% removes funds from major banking institutions to non-profit credit unions, they were hoping to send a clear message to the 1% that conscious consumers won’t support companies with unethical business practices.