Protestors are calling the event “Bank Transfer Day” and are encouraging people nationwide to participate November 5. The Facebook page for the event states the following: “Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions on or by this date, we will send a clear message and give the 1% a taste of the fear that we experience every day when we aren’t able to pay for our rent, food, medication, utilities, student loans, etc.” So far over 6,500 people have RSVP’ed for the event. [NetNet]
— Advertisement —
Comments (58)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
By their line of thinking, the 99% will remove their 1% from the banks, so banks will only lose 1% of their deposits. That'll show 'em….
I think they meant they would withdraw their parents' funds from the banks.
Starting a bank run. Great idea.
Maybe they should yell "fire" in a crowded theater, too.
Are they offering to immediately repay their student loans, credit cards and other debt or is that part of the banking world that they can somehow live with?
If they don't even have money for rent what money are they withdrawing?
– Confused AnchorMan
Easy muggins!
Attention all muggers and street thugs – Get ready for "Bank Transfer Day" on Nov 5th. It'll be like taking candy from a baby (or a protester in this case).
Probably not the best idea…
- Argentina, 2001
We love this idea
LB & Jimmy to the G
Yoyo, this guy cashed his entire checking account and bought one hoho
-Eminem
we don't have to pay off our credit cards balances
t. durden
I can't wait to see you all!
-kitty from the pussycat lounge
I bet the first bank account I opened with my Christmas money when I was 9 had more in it than those 6,500 people who RSVPed combined.
Hey esses, todos saben dónde estar noviembre 5. Meet in the park, no 9's needed.
Planning a bank run on a Saturday is the NKI.
bring those 1s, 5s, and hopefully some 10s to BEAMERS
Beamer's Marketing Manager
(we all know there won't be any 20s, 50s or 100s)
Who's with me? #OccupyBeamers
-UBS MD
6500 of Obama’s kids? I’m sure the banks are quivering in fear over them withdrawing their combined $316.87.
Thanks for clearing things up…. in case we didn't get the implication.
Killed it man.
(6,500 x $83.76 avg. deposit per protester) less (2,300 overdraft fees x $30 per overdraft fee) = the end of the financial system as we know it….
I like your enthusiasm, when can you start.
-UBS/LEH/AIG/ any other bad fin. company we love to hate on's HR
Hey! we would put up much more of a fight
-babies
remove your worthless ($7 DD) account -> bank loses no revenue -> bank no longer needs the support staff to deal with your shit -> bank fires the least educated employees -> banks profitability & margins rise.
See, these protesters are simply trying to make banks healthier.
- FIG banker
Someone get "It's a Wonderful Life" going on a big screen down at Zuccotti.
YAY! Then they can apply for mortgages! And credit lines!
Sorry, we don't work for UBS. We have standards.
- Every unemployed protester
"Great service!" "They really listened to my needs!" "I felt I could trust their advice!"… These are just some of the actual customer comments received by my good friends at GoldLine. Fellow protestors, I personally have used GoldLine for my investments for over 100 years. Like you, I have a great distrust of fiat money backed by unscrupulous governments and too big to fail banks. That's why I will be in Zuccotti Park on November 5th to join forces with you and help you convert your worthless paper currency into something you can touch and feel, SOLID GOLD! GoldLine has been in business for over 5years and recently while G. Gordon Liddy was taking a nap at Rosland Capital, our experts at GoldLine snuck in and stole over $500 million of rare gold bullion coins not touched by human hands since the Spanish Armada. This can all be yours at our wholesale, direct to consumer rate of $36,000/Pound, that's just $1500/oz, well below the retail or even spot price available to other investors. Want you join me, in owning GOLD?
It has to be a Saturday. The can't afford to take a day off work.
–AIG OWS Research Analyst
Oh sure, and for an encore we're going sell all our stock too!
In Soviet Russia…….
eh I got nothing. This is precisely what happens in Soviet Russia.
Sorry, TLDR
-M. Levine
5th of November? Do these fucking idiots think they're in the plot of V for Vendetta or something?
Shit! We forgot about that part. OK, you're right that not going to work. Everyone back to the park to play the bongos, I'll let you know when I come up with anohter brilliant idea
Penny for the Guy, sir?
6500 ppl x $5 / mo at BofA = $32,500 in monthly fees away from BofA. That's definitely the final nail in BofA's coffin!
Or they want the US to acknowledge that the Church of Rome is the one true church, which after all was the point of the initial Gunpowder Plot.
http://books.google.com/books?id=hYYSKgMpAxIC&…
Remember, remember the Fifth of November;
Facebooking drivel and rot.
We have had numerous "Bank Transfer Days" observed by employees at all levels of our investment banking staff over the last 3 years. And these protesters think they are pioneers.
- UBS Management
6,500/312,000,000=.99
-LEH arithmetic quant
like spelling practice?
Well, they're all under the ATM withdrawal limit, so I don't think their plan will be upset.
It was better in the original German, Glen.
I predict this will also be a day known for robbery
– Gartman
Thanks for the month notice.
-Guy who might consider sending money to a vanguard account, temporarily.
please RSVP with us at http://www.tinyurl.com/nov-fifth
What kind of idiots pick a Saturday to line up and take their funds out of banks…doh!
I'll practice my mugging so after a day of trouble I'll be able to afford a bagel
I am ready…….
My bank is opened on Saturday
all sheep…
great
http://havoconthehill.com/2011/10/10/the-occupy-w…
Short banks with free checking to $50 min balance customers. Long shoeboxes and shovels.
Soon we'll be eating our dead.
November 6th headline "Grubby Protesters Mugged By Well-Heeled Bankers"
Let's really give them something to complain about!!!!
Really? i mean even if there is only one dollar in each of those 6,500 accounts, WOW! you must have been a really rich kid! what was your secret? putting corn under your pillow and convincing the Tooth Fairy they were teeth?
Im pretty sure the eternal student loans and the usury-level interest on credit card debt are some of the things theyre protesting. But to know that youd have to actually pay attention instead of making lame jokes.
I was hoping to read these comments and actually get some information about the impact of a real potential bank run of sorts, but it seems the goal of everyone (using a fake name) is to be funny. Are all of the people on this comment thread really so uninformed ? Is this a joke to you? Really? Do you really think its ok for folks who have worked all of their lives to loose their retirement when the C-levels are taking home million dollar bonuses? Is that ok with you?
Hey Melissa,
Give me a call, finally got an 8:30 rez at Dorsia.
Looking forward to seeing you babe,
Patrick Bateman
Wow, melissa, you have a lot of spunk in you….it just so happens I'm looking for a new secretary….only catch is, I can only afford to pay you in Honda Civic miles.
You get 2 miles of riding around in my car for every hour of work. Please fill it up when you return it to me, though.
-UBS MD