Patrick.net

Occupiers Convince City Of Buffalo To Ditch JPMorgan Chase

By bgamall4   Follow   Sun, 3 Jun 2012, 6:22am   1,232 views   9 comments
In Reno NV 89502   Watch (1)   Share   Quote   Permalink   Like   Dislike  

http://www.opednews.com/Quicklink/Occupiers-Convince-City-Of-in-General_News-120601-396.html

Yeah!

Viewing Comments 1-9 of 9     Last »     See most liked comments

1. New Renter Follow Befriend (3) 13 threads 2,219 comments San Jose, CA Premium

   1   7:18am Sun 3 Jun 2012   Share   Quote   Permalink   Like   Dislike   I wonder how much of the decision was based on the urge to not do business with Chase vs. wanting a higher rate of return. I'd go further to hazard a guess that if Chase raised it's rate to better than 0.30% Buffalo would come running back. As would a lot of other people who say they hate banks but like returns on their savings.

2. bgamall4 Follow Befriend (14) 754 threads 2,589 comments 63 male Las Vegas, NV bgamall4's website Premium

   2   7:50am Sun 3 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   I doubt it. Everyone knows that the TBTF banks are in a risky place right now. If Germany takes down Europe by not allowing liquidity in the banking sector, the entire financial edifice could collapse. Not saying it will, but it could. That would leave banks not sensitive to derivatives being the only safe banks.

3. KILLERJANE Follow Befriend (3) 12 threads 600 comments

   3   1:31pm Sun 3 Jun 2012   Share   Quote   Permalink   Like   Dislike   Okay but what if all that gloom happens, the dollar is not a viable means of trade? If it is going down, will the dollar survive?

4. bgamall4 Follow Befriend (14) 754 threads 2,589 comments 63 male Las Vegas, NV bgamall4's website Premium

   4   5:59pm Sun 3 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   First of all, I think that the nations will bail out the banks, and probably implement austerity. That will eventually either cause the banks to lend or the real economy to break down. But the dollar will survive in a deflationary scenario.

5. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   5   6:47pm Sun 3 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   "Occupy who ?"

6. Vicente Follow Befriend (8) 204 threads 4,411 comments Davis, CA

   6   7:07pm Sun 3 Jun 2012   Share   Quote   Permalink   Like   Dislike   Interesting local effort by Occupy. Good to see them targetting achievable changes, instead of tent-squatting which did little.

7. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   7   7:18pm Sun 3 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   Vicente says Interesting local effort by Occupy. Good to see them targetting achievable changes, instead of tent-squatting which did little. move a dinky $65M account to another bank ? yea real earth fucking shattering moment...

8. bgamall4 Follow Befriend (14) 754 threads 2,589 comments 63 male Las Vegas, NV bgamall4's website Premium

   8   8:54pm Sun 3 Jun 2012   Share   Quote   Permalink   Like   Dislike   thomas.wong1986 says move a dinky $65M account to another bank ? yea real earth fucking shattering moment... It is JPM man! That is a big deal.

9. futuresmc Follow Befriend (1) 1 threads 387 comments Buffalo, NY

   9   8:54pm Sun 3 Jun 2012   Share   Quote   Permalink   Like   Dislike   Another aspect of this is that Buffalo is right on the Canadian border. People here go back and forth over the Peace Bridge at will. As a result, we get a first hand comparison that much of the US doesn't get.