The “banxodus” (bank + exodus), or Bank Transfer Day, was planned for November 5, 2011 by the BoldProgressives (Progressive Change Campaign Committee) and their website Banxodus.org, registered on October 21, 2011. The “exodus” idea was to move money out of big “too big to fail” banks that helped to create the financial crisis of the late 2000s.
“Banxodus” is not yet trademarked and might have usage after 2011.
Banxodus by BoldProgressives.org
1. Take the pledge: “I’m moving to a better bank.”
2. Find a better bank that’s convenient for you.
3. “I’ve moved my money to a better bank!”
Created On:21-Oct-2011 23:55:45 UTC
Last Updated On:21-Oct-2011 23:55:46 UTC
Expiration Date:21-Oct-2012 23:55:45 UTC
Sponsoring Registrar:GoDaddy.com, Inc. (R91-LROR)
Status:CLIENT DELETE PROHIBITED
Status:CLIENT RENEW PROHIBITED
Status:CLIENT TRANSFER PROHIBITED
Status:CLIENT UPDATE PROHIBITED
Registrant Name:Adam Green
Registrant Organization: PCCC PAC
Registrant Street1:1630 R St, NW
Registrant Street2:Apt 730
Registrant State/Province:District of Columbia
Registrant Postal Code:20009
Registrant Phone Ext.:
Registrant FAX Ext.:
Uploaded by AnotherBrotherMark on Oct 30, 2011
“Get details about good-guy banks in your area”
End the Banking Monopoly: Support the Banxodus
Posted by Andrew B. on October 31, 2011
If you have a bank account in the United States, the odds are pretty good it’s with one of the big boys shown in the graph above – the very institutions which created the financial crisis and are even now still contributing to the demise of America’s working and middle classes.
Philadelphia (PA) Inquirer
Thursday, November 3, 2011
Credit unions gain 650,000 members, $4.5B in deposits after BoA fee flap
Occupy Wall Street activists and their allies have been touting Saturday as “Bank Transfer Day.” Credit unions say they’re already seeing results, thanks to the firestorm over Bank of America’s $5 debit-card fee: Since Sept. 29, when BofA announced plans for the new fee - since reversed - credit unions have gained an estimated 650,000 members and $4.5 billion in new deposits.
The Progressive Change Campaign Committee introduced a new online tool today, dubbed Banxodus, to help consumers find “good-guy banks.”
Prepare for ‘Banxodus’: Thousands Pledge to Close Their Bank Accounts
Posted on November 4, 2011 at 10:26pm by Becket Adams
Mass removals of cash from banks can be a very dangerous thing. It can cause what is referred to as a “bank run,” that is, it has the potential to increase a bank’s chance of defaulting and force it into bankruptcy.
If this occurs at enough major banks (such as Bank of American, JP Morgan Chase, Wells Fargo, etc.) the results could be disastrous. However, despite this historically proven fact, a Facebook group is calling for protesters to close their bank accounts en masse.
New York City • Banking/Finance/Insurance • Sunday, November 06, 2011 • Permalink