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solarbirdPlease continue to enjoy your police state: watch people getting arrested for trying to close their large-bank accounts. The best part is when NYC's Finest grab some extra people off the street - bank customers with Citibank chequebooks - and force them into the bank so they can be arrested for "trespassing."
Full story with video here.
The law they're going to start using very soon is the law against starting bank runs. It carries significant penalties. This, of course, is not the intent of the law; it was used to stop banks from instigating rumour campaigns that competing banks were insolvent, prompting runs on those competing banks, and driving them under.
But intent means nothing, so I'm thinking we'll be getting to that law soon.
(Disclosure: we had old Seafirst accounts that became Bank of America accounts when they moved in and took over. We closed those and moved to BECU several months ago.)
Full story with video here.
The law they're going to start using very soon is the law against starting bank runs. It carries significant penalties. This, of course, is not the intent of the law; it was used to stop banks from instigating rumour campaigns that competing banks were insolvent, prompting runs on those competing banks, and driving them under.
But intent means nothing, so I'm thinking we'll be getting to that law soon.
(Disclosure: we had old Seafirst accounts that became Bank of America accounts when they moved in and took over. We closed those and moved to BECU several months ago.)
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Date: 2011-10-16 01:22 pm (UTC)Remember Dodge City? Yup. Now.
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Date: 2011-10-16 02:04 pm (UTC)I guess laws can be used for pretty much anything at all now as long as they have a few key terms in common!
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Date: 2011-10-16 05:43 pm (UTC)serf's up
Date: 2011-10-16 06:58 pm (UTC)no subject
Date: 2011-10-16 06:25 pm (UTC)no subject
Date: 2011-10-16 07:11 pm (UTC)no subject
Date: 2011-10-16 07:45 pm (UTC)I wonder how many of the protesters actually managed to close their accounts, or if Citibank is still using their money to Citibank's own profit.
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Date: 2011-10-20 06:25 am (UTC)my wife and son closed their accounts without hassle...BUT, they did keep sending form letters, and then a couple of months latter, we got a new debit card from them...
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Date: 2011-10-20 06:17 am (UTC)thanks for moving.....and I have the urge to open an account at BoA, and Citibank, to just close them, then open, then close.