Billions of dollars moved in bank transfer demonstrations
Bank branches and ATMs across the country saw a surge in traffic during the last month, which pinnacled over the weekend as Americans from coast-to-coast accessed their accounts, withdrew their money and went elsewhere.With November 5 being hailed as Bank Transfer Day, the final day in a month-long demonstration to move money from out of the big banks and into smaller, localized credit unions, the tally of those that took up the cause has come through and it shows that the movement was more than just a fluke. Leading up to November 5, $4.5 billion was taken out of major financial institutions.
That number comes from a just released report from ABC News that reveals that credit unions across the country accumulated around 650,000 new customers in the month of October..... MORE
Source: Rt.com
URL: http://rt.com/usa/news/bank-transfer-credit-country-747/
1 comment
lol. arestado pa pala pag isasara mo account mo. ang "democratic" talaga sa kalbong agila. ang mga fil.ams kaya na karamihan ay utak brown monkey (correct me if i'm wrong), nag.switch na kaya papuntang credit unions? hehe
"Small-scale withdrawal events have been occurring in the weeks leading up to November 5, occasionally with unexpected ramifications. In New York City last month, dozens were arrested for trying to shut down their accounts at once at a CitiBank branch. This weekend, however, did not spawn any massive incidents involving law enforcement."
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