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The Way to Occupy a Bank Is to Own One


Business  (tags: americans, business, consumers, economy, Entrepreneurs, ethics, finance, goodnews, investments, marketing, money, politics, society )

Kit
- 2379 days ago - opednews.com
The campaign to "move your money" has gotten a groundswell of support. Having greater impact would be to "move our money" -- move our local government revenues out of Wall Street banks into our own publicly-owned banks.



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Comments

Elle B (84)
Sunday December 18, 2011, 9:37 am
Thank-you. Agree and have advocated for this since mid '70's, as well as co-ops and Public Trusts for insurance [of all kinds], healthcare, schools, lands, parks, forests, everything we need to keep away from the "greed mongers." But, having been paying attention for decades...do not be naive...there will be sabotage operations for each and every effort so learn to "PROTECT." That is why we are where we are today--not enough citizens know how to individually and collectively "PROTECTED" our democracy in the making...everything that must thrive to make and keep one. The greedies go after everything...it is quite simply all they do--devour greedily. Right now the Voting Franchise, the U.S. Postal Service, and Public Lands of all kinds need to be up front and center...we lose those we're toast. While the masses watch the dumb-downed marketed media--the "in the markets we trust" bunch are systematically wiping out more democracy daily. If we let the Post Office go forget everything else. It doesn't appear that way [on purpose]...but mark these words. That is why the U.S. Postmaster General is so happy as he reports on his corrupted plan...he knows if they succeed we will indeed be "One Nation under Marketing Based Management" -- til death do us part. Publicly owned banks, yes and co-op and trusts for everything we need to protect. [NOTE: Always err on the side of caution when it comes to the profiteering greed mongers.] All our worthy ancestors warned us about this.
 

Elle B (84)
Sunday December 18, 2011, 9:40 am
PS. Apologies for inadequate proofing...write very casually now and need to proof/edit a little better: "PROTECTED" should be "PROTECT." Thank-you for you continued indulgence.
 

William K (308)
Sunday December 18, 2011, 11:30 am
Well, if we cannot count on the support of the government in the creation of publicly owned banks, given that the government is in the hands of the corporate banks, wouldn't the resulting model be one that would look a lot like the already existing Credit Unions? Perhaps we could work towards better integration and networking of the existing credit unions?
 

Loreto V (52)
Sunday December 18, 2011, 1:19 pm
Thank you.
 

Kamila A (141)
Sunday December 18, 2011, 3:45 pm
Thank you so much. We need good people to lead the way. We can't all know everything, and trust has been broken, but we need to trust one another, and keep a high level of integrity in our financial relationships. Usury has always been an evil practice, leading to corruption and advantage taking of others.
Elle, that's great, all what you wrote.
 

Past Member (0)
Sunday December 18, 2011, 4:01 pm
Money talks.

Let's give voice to our money.
 

Rose K. (0)
Sunday December 18, 2011, 5:13 pm
noted
 

Susanne R (235)
Sunday December 18, 2011, 10:48 pm
From the article: "Risk to the taxpayers remains the chief objection of banker opponents [to publicly-owned banks].. 'There is no need for such lending,' they say. 'We already provide loans to any creditworthy applicant who comes to us. Why put taxpayer money at risk, lending for every crackpot scheme that some politician wants to waste taxpayer money on?'"

Hmm. Someone needs to remind them what the sub-prime mortgage crisis has cost and will continue to cost taxpayers...
 

Vallee R (280)
Monday December 19, 2011, 1:42 pm
I'll pass on comments here - thanks Kit - you really do make us think, So glad you are getting this information out!
 

Ralph R Sutton (56)
Monday December 19, 2011, 2:22 pm
The 90 year track record of the North Dakota State Bank is all anyone needs to know this idea is one that works and the big private banks are just attempting to prevent their loss of profits that would be going to the State banks. Its easy to see that the banking practices by a State bank are superior to private banks when you look at a profit by the North Dakota State Bank of 57 million and the private bank of Bank of America had a loss of 1.2 BILLION in 2008. That 57 million in profit means the people of North Dakota were spared having to pay 57 million in additional taxes. For a state the size of North Dakota that is a considerable savings to taxpayers and the savings were even greater last year with 61 million dollars in profit.
 

Past Member (0)
Monday December 19, 2011, 9:19 pm
Thanks.
 
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