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Showing posts from October, 2011

Bank Transfer Day - November 5, 2011

According to one site on the internet (must be logged into Facebook to follow this link):

"Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices.

• Research your local credit union options
• Open an account with the one that best suits your needs
• Cancel all automatic withdrawals & deposits
• Transfer your funds to the new account
• Follow your bank's procedures to close your account before 11/05


FIND A CREDIT UNION
USA: http://www.findacreditunion.com/
CANADA: http://locator.cucentral.com/
UK: http://www.findyourcreditunion.co.uk/"

We think this is an interesting idea. If there is a free market for the provision of financial services, then this should be a welcomed initiative. If consumers are …

More on the Wall Street Protests

Why are the Wall Street Protesters upset?

They are:Upset that 20% of the country's wealth has been destroyed and not a single person has been convicted, much less indicted.Upset that Wall Street has iron control over the country’s economic policies and that both parties are wholly owned subsidiaries.Upset that 24 million people cannot find a full time job, that 50 million cannot afford to see a doctor when they are sick, that 47 million need the government’s help to feed themselves. They are upset that 15 million families owe more on their home than it is worth. (Alan Grayson, Former Member of Congress.)

Bank Nurtures Asian Roots

BY MATTHIAS RIEKE. OCTOBER 10, 2011 The Wall Street Journal.
By focusing on select customers, East West Bancorp is showing it can grow at a time when many banks are struggling to find a firm footing. East West, based in Pasadena, Calif., pays close attention to Asia. It seeks Chinese-American clients and attracts U.S. companies that do business in China. It also finances Chinese companies' expansion in the U.S. through trade finance and commercial loans. East West has "been smart enough to link to demographics in their ancestral homeland," said William Michael Cunningham, the owner of Creative Investment Research Inc., an advisory firm in Washington with a focus on minority ...See full article: http://online.wsj.com/article/SB10001424052970204450804576620881021962152.html