Now on to a somewhat less happy topic, namely the US banks, especially the so-called ‘TBTF’ banks. As long time readers are probably aware, we have always held that people will tend to underestimate the ‘stickiness’ of the down cycle in real estate. However, there are a number of historical examples of which the most pertinent is probably Continue reading →
New Mexico’s House of Representatives voted Monday to pass a bill that allows the state to move $2 billion – $5 billion of state funds to credit unions and small banks. Continue reading →
Across the board banks receive millions of dollars from the federal government at interest rates as low as 0% or in some cases they do not have to repay borrowed funds at all! (Think 2008 Bailout.) Continue reading →
Push came to shove, and we shoved hard. Millions of voices around the world were heard as hundreds of thousands of people closed out bank accounts starting in October and pushing through with strong and loud protests in solidarity with Occupy Wall Continue reading →
I sat last night on irc and thought to my self I need to keep pushing Operation Cash Back, I need something inspiration to say, then I had remembered a tweet that @A_Friendly_Foe had tweeted to me, I know its from a movie but my goodness if this speech did not give me chills. Everyone who has participated in this operation, be it moving your money, or RT is made up of this speech. I ask you to read it, or listen to it, its brilliantly worded and suits exactly what is going on in our world right now. Continue reading →
In full support of Nov 5th we would like you to continue moving your money, it is already obvious that since Oct. 17 when we started Operation Cash Back we had no idea of the impact, we hoped of impact and it has worked, Continue reading →
CUNA estimates that since Sept. 29 (the day BofA announced fees),650,000 new members have joined credit unions. To put this in perspective, there were 600,000 new members joining credit unions in all of 2010. So the past month has seen 50,000 more members than all of last year.• Also during that time, CUNA estimates that credit unions have added $4.5 billion in new savings accounts, likely from the new members and existing members shifting their funds.
Ive pushed this Operation and others like it because I so believe in them. I daily read the stories posted on here about what this revolution, Occupy Wall Street, means to so many, on so many different levels. Most times, I will not lie, it brings me to tears. I will tell you why, and why it is so important for the many different generations, races, religions to be one voice right now.
11 years ago I bought my home, it was a steal, never in a million years could we have ever afforded a house so big, with such a big yard, in the area we live, owners sold it to us for what it was valued at by the town. My credit was not good, and still i got this loan, with closing costs it came out over what I was approved for, and still I got the house. I was stupid and sheepish at the time and never questioned anything, because I had a home. 7 years later, my mortgage had been sold 2 times and I was in foreclosure, literally a week away from a sale date on my home. I planned my suicide. The burdons of financially being in debt had gotten me to the point I was willing to take my own life. I had it planned out, what I would do, how I would do it, and notes I would leave.
That day in the mail I got a letter saying they had canceled the sale, and even the people trying to help re-modify my loan at the time had no idea where it came from, but it was legal and it was so. I came up with the 750 I needed for a total of 7k to re-modify. 11 years later I am there again, modification only helps to stop the obvious from happening then.
Last year I had my electric turned off for 4 months during winter, I had a nice neighbor who helped with an extension cord. Im ok on gas, water, electric im still piled high into and just hope once again I can make it to where they dont shut you off for winter, and try to pay off most of it during the winter months.
When OWS started, and grew, I watched online, the video, the pictures, the emotion, the fight. And I cried in front of my children. They asked why I got so upset, and i said simply, “Im not a lone” Its so overwhelming to see the fight going on world wide now, it fills me with such hope that things will change. No, not overnight, but they will.
I would also like to note, I have a degree, I have to work 2 jobs all the time, usually pick up freelance work for extra and usually need to see a local food pantry once a month. I never thought my life would come to this. EVER.
Occupy Wall Street for me is hope, for the future and for my children, and knowing I am not a lone in this plight.