The time has come to make sure the big Wall Street banks that are trashing our economy and our planet don't receive even one more dollar from us.
This Saturday, November 5, has been declared Bank Transfer Day, and we’re proud to support this important day of action. Here are two easy ways you can take part and maximize your impact:
1. Move your money out of any big Wall Street bank you might have an account with by November 5. We recommend you don’t wait until Nov. 5, though, as that’s a Saturday and banks close early.
Make sure you let your bank know why you’re closing your account.
2. If you're a Bank of America customer, sign our "Not One More Dollar" pledge. Even if you don't have a BoA account, you can pledge to stop using the bank's ATMs, and then let us know why you're pledging to stop doing business with BoA. Bank Transfer Day was started by one concerned citizen down in LA, and now there are over 70,000 people signed up to participate. Individual actions really can inspire much larger acts of protest, and in that same spirit, we're hoping to collect as many stories as possible so we can communicate them all to BoA executives. They need to know that they will not get one more dollar from any of us as long as their bank is trashing the economy and the planet.
Here are are a few Bank of America lowlights you can mention:
• Bank of America is “the Bank of Coal,” providing more money to dirty coal companies that are polluting our communities and wrecking our climate than any other bank.
• Bank of America is a leading forecloser on Americans’ homes, even though the bank took nearly $140 BILLION in American taxpayer-funded bailout money just a few years ago and paid no federal taxes itself in 2010.
• Bank of America paid a $9.05 million bonus to CEO Brian Moynihan last year. Moynihan then announced that his bank is so broke he had to lay off 30,000 workers and charge customers $60 a year to access their own money.
I could go on, but you're probably already well aware of how Bank of America and other big Wall Street banks have wrecked our economy and our environment in the name of their own profits. So I’ll just say, happy Bank Transfer Day!