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View Diary: BREAKING-D.C. Citibank-Occupied (117 comments)

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  •  On the Treasury Side ... (23+ / 0-)

    that's it. Closest Citi bank to Treasury Building? Get Timmy's attention?

    In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra

    by blue aardvark on Thu Oct 20, 2011 at 11:00:34 AM PDT

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    •  TIMMMMEEEHHH!!!! (11+ / 0-)

      If only Geithner were as cool as Timmeh.

      Being ignored is the difference between being a one percenter and an American.--sweeper

      by SouthernLiberalinMD on Thu Oct 20, 2011 at 11:43:12 AM PDT

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    •  no, probably just the attention (2+ / 0-)
      Recommended by:
      triciawyse, Horace Boothroyd III

      of people who happened to want to use that particular branch for ordinary banking services.

      "how" they've scored these profits isn't great, but i don't have any problem "that" they did so, especially as a taxpayer of their bond insurer.

      "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

      by Loge on Thu Oct 20, 2011 at 12:51:44 PM PDT

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      •  research the banks Loge (5+ / 0-)

        I have been screwed by banks and if people want to be upset by the reality of what happens at banks, then they just are going to have learn to live in the new world.  I remember when we at ACT-up had comments like yours... it was just laughed at as we are in this thing not to please the customers... let them realize that they are part of the problem.  It's a good education for them that shows their actions do have consequences... so I'd say to all customers whose banks are about to be targeted... get your money out and learn how your actions of support of citibank are causing harm to others.  

        Pass new laws to end media monopolization now.

        by john from vermont on Thu Oct 20, 2011 at 01:07:43 PM PDT

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        •  this is a cop out (0+ / 0-)

          for one thing, saying i should research something i happen to know quiet a bit about is hardly an excuse for Occupy to avoid coming up with specific proposals for reform.  Indeed, the immediate step - a run on the bank - would do more harm than good.

          if i'm supposed to research by reading the links in the story, i'd learn that the objection is to applying fees, being conservative in lending, and initiating foreclosure proceedings.  None of these things are, in and of themselves, troubling.  The particular manner in which foreclosures have happened is, but that's not the argument supra.  They got into the mess by lending too much, and now the problem is they're lending too little?  Why should they in the absence of decent prospects for growth.  Put another way -- to whom should they lend?  As far as the fees go, that's how banks made money before the restraints came off on how much leverage and financial innovation they could use, so you pick your poison.  

          i'm in no way advocating sticking with the status quo.  i favor responsible, additional regulations and disclosures, and favor working through the political system to bring that about.  but i do object to the unwarranted intellectual (and moral) arrogance in the comment that consumers "need to be" educated.  If you want to speak for 99% of the people, taking steps that will directly annoy them is short-term stupid, and frustrates your long term goals.  Act up was more or less spent as a force by the time i was in college, but i can't but think of all the strides in gay rights and AIDS research that have taken place without it.  

          "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

          by Loge on Thu Oct 20, 2011 at 01:17:54 PM PDT

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        •  I find that line of reasoning problematic. (0+ / 0-)

          If the objective is to grow the movement—and I'd be surprised if that isn't at least one of the objectives—then interfering with people's lives and then telling them that it's their fault because they're "part of the problem" and that it's a "consequence" for their actions isn't exactly the best way to go about winning them over as friends. Seems to me that an informational campaign directed at them would be more likely to convince them to pull their money out of the bank.

          Furthermore, it seems to me that it's not really interfering with the things that need interfering with. The #OccupyDC group has figured this one out already, in their announcement that they're dialing back their marches because people were getting pissed at their tying up traffic. Most of the people who want to get where they're going on a DC street—even K Street, believe it or not—aren't in the business of doing terrible things. They're trying to get lunch, or get to a meeting, or do any of the hundred other things that a person would do when they're trying to get from Point A to Point B.

          Similarly, most of the people in a bank—particularly a branch office like this one—aren't really involved in nefarious acts. They're trying to deposit their paycheck, or get cash, or do any of the other things that a person does at a bank branch. Maybe they're "part of the problem," as you put it, because they've got a few thousand dollars in a checking account at Citi, but the 15 people in line at your average bank branch over their lunch break certainly can't be a very big part of the problem. In the grand scheme of things, interfering with their going about their business really isn't going to change much of anything, except to maybe delay them for a few hours so they deposit their paycheck or get cash after work instead of over their lunch break.

          It seems a better tactic to me to interfere with the things that need interfering with, and take direct action against the problem itself—like occupying their headquarters, or occupying the entrances to Treasury, or occupying the banks' lobbyist organization... something along those lines. And, at the same time, educate the people in line at their branch as to what their money is supporting, and let them know about the alternatives, like the 5 or 6 community banks and credit unions that come to my mind within 5 blocks of 14th and G, but without calling them "part of the problem" or treating them like the enemy.

          "When I give food to the poor, they call me a saint. When I ask why the poor have no food, they call me a communist." --Dom Helder Camara, archbishop of Recife

          by JamesGG on Thu Oct 20, 2011 at 02:31:05 PM PDT

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    •  I doubt it'll get his attention. (1+ / 0-)
      Recommended by:
      blue aardvark

      In DC, and particularly in the area near the White House, you kinda learn to just ignore protesters, because there's always someone protesting about something.

      "When I give food to the poor, they call me a saint. When I ask why the poor have no food, they call me a communist." --Dom Helder Camara, archbishop of Recife

      by JamesGG on Thu Oct 20, 2011 at 01:38:54 PM PDT

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