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 →
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.
An email to me from Anon Debtor Girl-
Occupy Student Debt started out on Facebook (www.facebook.com/occupystudentdebt) as a group for angry student debtors. The guys from Default: The Student Loan Documentary and Robert Applebaum of forgivestudentloandebt.com got involved, which helped the page get some attentionI became furious on Wednesday when Obama announced his student loan “reforms” because they only cover federal loans, and not private, bank-backed loans (i.e. through Sallie Mae, Citibank, B of A, Chase, etc.) Anyone who has already defaulted on either type of loan is still fucked, and there are no bankruptcy protections even for the disabled. The banks can even garnish your Social Security checks, thanks to Congress stripping away consumer protections in 2005.Most people don’t know the difference between gov’t backed and bank-backed loans, so they keep assuming everyone has the right to income-based repayment plans. No. The big banks don’t give a fuck if you’re unemployed and begging to defer, or if only bringing home $800/mo. They’ll still demand the full $1,000 you owe — and if you can’t make payments for only 90 days, you default. Once you default, your credit is shot for life. You can’t rent a house or an apartment, and you still have to pay back the amount you owe plus thousands more in bullshit fees. Studentloanjustice.org has some good explanations of how this works, and how it’s meant to especially ruin the lives of low-income and minority students.What we’re trying to do: We want to collect your stories about student loan hell. We want to inform the public about the lack of consumer protections and refinancing rights for student loans and hold private lenders accountable for their refusal to help students avoid default. We believe that the federal government must act to help students who have already defaulted, and to restore consumer protections and bankruptcy rights immediately. We want lenders to be held accountable for lobbying Congress and for exploiting poor and middle-class families. We want to draw attention to what student debtors are truly facing. We are the overeducated underclass. Don’t call us entitled for wanting survival.We’re trying to organize a Student Debt Action day on 11/12. , we want students to join their local Occupy events to protest the exploitative actions of the government and big banks as outlined above.
We see a lot of people in twitter telling us they see signs to wait until Nov 5th to close their accounts. We are in full support of this day or any other that denies the big corporate banks their money making opportunities off of your money. What we are saying is why wait? Why let these banks make more money off of you? Why pay out to their shareholders at the end of this month with money they have made off of your money?
We say move your money now, some of you have more then just a checking or savings and it will take a couple of weeks to close your accounts, this is why we say move that money now! Why let the 1% live off of you? Act now.
This movement is backed by @YourAnonNews and @MissRevelution_