The OWS Folks Still Don’t Get It

The latest “protest” from the economically-ignorant OWS folks: The social uprising — called “Bank Transfer Day” — encourages bank customers to take their cash out of big banks and put it in smaller banks and credit unions instead. The movement is ostensibly in response to aggressive fees institutions are rolling out to recover profits lost from new financial regulations, notably Bank of America’s decision to stick debit card users with a $5 monthly fee and Wells Fargo’s $3 test of the same. On the movement’s Facebook page, protest organizers say that, even with new government regulations in place to keep … Continue reading The OWS Folks Still Don’t Get It