#Occupy - Page 3 - Nubblies.net Forums

THEINCREDIBLEdork · 11-05-2011, 10:40 AM

Reddit, I want to collapse the banking system, do you think I should move my $413 from a bank to a credit union? : circlejerk

Ugly Bastard · 11-05-2011, 11:28 AM

Yea another awesome feature (and maybe you hinted at it with girlfriend rent transfer?) is the Chase Quick Pay where you can send money to anyone knowing just their email address for $0 in fees. I've been using that feature to transfer money to people who can then transfer that amount to me at an online poker room. Super convenient.

Mr. Blonde · 11-05-2011, 11:39 AM

Quote:

Originally Posted by Mr. Mistoffelees

Reddit, I want to collapse the banking system, do you think I should move my $413 from a bank to a credit union? : circlejerk

650,000 x 500 = $325,000,000

Ugly Bastard · 11-05-2011, 12:09 PM

$325mil is nothing to banking system.

ninjaface · 11-05-2011, 12:11 PM

The negative attention is probably a bigger deal to them.

Mr. Blonde · 11-05-2011, 12:31 PM

Quote:

Originally Posted by Ugly Bastard

$325mil is nothing to banking system.

It's a pretty decent start, and that's only assuming a very conservative figure of an average of $500.

In any case, I don't think most people are switching to "collapse banking system". They're just sick of the bullshit banks have to offer.

DJ FC · 11-05-2011, 01:08 PM

Uhhhh....

A credit union is a bank sorry piss in somebodies cereal, but this is just another example of "they don't know what they're protesting."

Mr. Blonde · 11-05-2011, 01:25 PM

Credit unions are quite different from your traditional banks. But I get that you're new at finance and all, so I'll clarify and type very slowly so you can understand.

------------------------------------------------------------------------------------------------

I'm sick of fees that Chase and Bank of America are implementing and am disappointed with the fees that apparently have always been in the fine print, but I was not aware of as I usually always had a minimum balance or direct deposit. I am frustrated with the lack of other ways to get around these fees being that I am mostly unemployed. I don't like that their main interests seem to be increasing the dividends of their stockholders, of which I am not.

Because of this, I am switching to a Credit Union, which is owned by it's members, thus controlled by it's members, and has much easier ways to avoid fees or doesn't implement them at all, as it is not primarily focused on making profits. , there are less branches, but that's okay, because there is one right down the street anyways.

-------------------------------------------------------------------------------------------------

Louis CK on Bank Fees - YouTube

Quote:

A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.

I hope this has been educational for you. I see absolutely, positively fuckall reason to have a Chase bank account right now.

DDTempest · 11-05-2011, 02:52 PM

Blonde tell us about all the features of your credit union's online banking

Mr. Blonde · 11-05-2011, 04:27 PM

https://www.desertschools.org/templa...n.aspx?id=3018

THEINCREDIBLEdork · 11-05-2011, 05:24 PM

Quote:

Originally Posted by desertschools.org

New Online Banking Themes!
Customize your Online Banking experience with a choice of five themes - ASU Sun Devils, Phoenix Suns, Desert Schools, Arizona Cardinals or the Phoenix Coyotes.

Mr. Blonde · 11-05-2011, 05:55 PM

You guys are just jelly, Chase doesn't have that shit.

DJ FC · 11-05-2011, 07:29 PM

"Credit Unions are quite different from traditional banks."

LOL WUT?

Last time I checked both accept your deposites and make longer term loans against these. Whether you call it shares or account balance, the effect is the same. The terminology is merely symantics.

Mr. Blonde · 11-05-2011, 07:52 PM

Like I said, I know you're new at this, so here you go.

https://www.google.com/search?source...+credit+unions

DJ FC · 11-06-2011, 04:18 AM

Ok.

We're talking in context of "making the banking system collapse." Moving money from one banking institution (stockholder banks with deposits) to another banking institution (credit unions with shareholder deposits) will have no effect systematically. They both engage in banking and both do the same fvcking things with the money. Don't be so naive. They're all the same.

thekremlin · 11-06-2011, 04:53 AM

I'm going to tldr all of that and ask Blonde if he wants to be my new boss, apparently my current one doesn't know anything about finance.

Fruitacious B · 11-06-2011, 05:27 AM

Good luck. I support Occupy as much as most, but really?

DJ FC · 11-06-2011, 05:58 AM

The grass is always greener:

Savings and loan crisis - Wikipedia, the free encyclopedia

angry pancake · 11-06-2011, 07:40 AM

Accidentally stumbled upon occupy fort worth on Friday afternoon. I almost missed it. There were 5 or 7 people there. If it weren't for the sign I'd just as soon thought they were the run of the mill beggars who are always there.

angry pancake · 11-06-2011, 08:00 AM

Quote:

Originally Posted by DJ FC

The grass is always greener:

Savings and loan crisis - Wikipedia, the free encyclopedia

While I agree with FC that credit unions work essentially like banks with limited abilities, the wiki article leaves a few things out.

Until recently (my adult lifetime) many states prohibited branch banking. S&Ls didn't. Credit Unions did not offer mortgages and were very restricted in what the could invest. Additionally, credit unions were severely restricted on who could be a member. S&L kind of ran wild and did whatever they wanted.

Now most credit unions are open to anyone and branch banking is perfectly okay.

On a non-related note. I still haven't found occupy Dallas.

Mr. Blonde · 11-06-2011, 01:53 PM

Quote:

Originally Posted by thekremlin

I'm going to tldr all of that and ask Blonde if he wants to be my new boss, apparently my current one doesn't know anything about finance.

Yes. I accept your humble offer.

Mr. Blonde · 11-06-2011, 01:55 PM

Quote:

Originally Posted by DJ FC

Ok.

We're talking in context of "making the banking system collapse."

Quote:

Originally Posted by Mr. Blonde

In any case, I don't think most people are switching to "collapse banking system".

You..you do realize that most rational people, myself included, don't want to collapse the banking system, right? You do realize that that link Mistoffelees posted was from a forum on Reddit called "Circlejerk" where all they do is make fun of the hivemind on Reddit, and only a small minority of crazies probably actually want to collapse the banking system, they just don't want extra fees, and they view the "major banks" as the ones who helped feed the problem of the financial collapse. I mean you get all this right?

DJ FC · 11-06-2011, 01:57 PM

Ok then. So if it's just a little joke then you shouldn't flip your lid when I simply say a banks and credit unions are pretty much the same thing in this context.

Mr. Blonde · 11-06-2011, 01:58 PM

That's fine, as long as you don't get mad when I say that you and the bankers on Wall Street who devastated the US economy are pretty much the same thing.

DJ FC · 11-06-2011, 02:00 PM

No, you don't get it.

Banks and credit unions really do the same things.

11-05-2011, 10:40 AM	#51 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,316 Internets: 284585	Reddit, I want to collapse the banking system, do you think I should move my $413 from a bank to a credit union? : circlejerk
	#YOLO

11-05-2011, 01:08 PM	#57 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	Uhhhh.... A credit union is a bank sorry piss in somebodies cereal, but this is just another example of "they don't know what they're protesting."
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

11-05-2011, 04:27 PM	#60 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	https://www.desertschools.org/templa...n.aspx?id=3018
	Psychedelics are illegal not because a loving government is concerned that you may jump out of a third story window. Psychedelics are illegal because they dissolve opinion structures and culturally laid down models of behavior and information processing. ― Terence McKenna

11-05-2011, 05:55 PM	#62 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	You guys are just jelly, Chase doesn't have that shit.
	Psychedelics are illegal not because a loving government is concerned that you may jump out of a third story window. Psychedelics are illegal because they dissolve opinion structures and culturally laid down models of behavior and information processing. ― Terence McKenna

11-05-2011, 07:29 PM	#63 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	"Credit Unions are quite different from traditional banks." LOL WUT? Last time I checked both accept your deposites and make longer term loans against these. Whether you call it shares or account balance, the effect is the same. The terminology is merely symantics.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

11-05-2011, 11:28 AM	#52 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	Yea another awesome feature (and maybe you hinted at it with girlfriend rent transfer?) is the Chase Quick Pay where you can send money to anyone knowing just their email address for $0 in fees. I've been using that feature to transfer money to people who can then transfer that amount to me at an online poker room. Super convenient.

11-05-2011, 12:09 PM	#54 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	$325mil is nothing to banking system.

11-05-2011, 12:11 PM	#55 (permalink)
ninjaface Level 20 Holothetan Join Date: Dec 2002 Location: Space Posts: 5,245 Internets: 210144	The negative attention is probably a bigger deal to them.

11-05-2011, 07:52 PM	#64 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	Like I said, I know you're new at this, so here you go. https://www.google.com/search?source...+credit+unions
	Psychedelics are illegal not because a loving government is concerned that you may jump out of a third story window. Psychedelics are illegal because they dissolve opinion structures and culturally laid down models of behavior and information processing. ― Terence McKenna

11-06-2011, 04:18 AM	#65 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	Ok. We're talking in context of "making the banking system collapse." Moving money from one banking institution (stockholder banks with deposits) to another banking institution (credit unions with shareholder deposits) will have no effect systematically. They both engage in banking and both do the same fvcking things with the money. Don't be so naive. They're all the same.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

11-06-2011, 05:27 AM	#67 (permalink)
Fruitacious B Bokononist Join Date: May 2003 Location: Indianapolis Posts: 2,595 Internets: 11801	Good luck. I support Occupy as much as most, but really?
	"Those who believe in telekinetics, raise my hand." \|vonnegut

11-06-2011, 05:58 AM	#68 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	The grass is always greener: Savings and loan crisis - Wikipedia, the free encyclopedia
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

11-06-2011, 01:57 PM	#73 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	Ok then. So if it's just a little joke then you shouldn't flip your lid when I simply say a banks and credit unions are pretty much the same thing in this context.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

11-06-2011, 01:58 PM	#74 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	That's fine, as long as you don't get mad when I say that you and the bankers on Wall Street who devastated the US economy are pretty much the same thing.
	Psychedelics are illegal not because a loving government is concerned that you may jump out of a third story window. Psychedelics are illegal because they dissolve opinion structures and culturally laid down models of behavior and information processing. ― Terence McKenna

11-06-2011, 02:00 PM	#75 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	No, you don't get it. Banks and credit unions really do the same things.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

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