Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Bank Transfer Day: Kristen Christian on How She Inspired Mass Exodus From Big Banks
Posted
November 9, 2011
Views
2,119
Likes
23
Comments
8
Engagement
1.46%
November 9, 2011
2,119
23
8
1.46%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
6:27Now Playingwww.democracynow.org - Protests were held across the country Saturday to mark Bank Transfer Day, a campaign to move accounts from big banks into community banks or credit unions. Credit unions attracted more than 40,000 new account holders, reporting about $80 million in new savings, or an average of about $2,000 per new account holder. The campaign was organized by Kristen Christian when she learned that Bank of America planned to charge her a $5 monthly debit card fee. Her Facebook post urging friends to abandon big banks unwittingly blossomed into a national campaign. Although the campaign was neither inspired by nor organized by the cyber-activist group Anonymous or the Occupy Wall Street movement, it did benefit from their support. "The message from Bank Transfer Day was not the fee itself, but actually the principle behind it. Because at least with BofA, the fee only applied to account holders with less than $20,000 in combined accounts. So, based on principle, I couldn't support a business that would directly target the impoverished and working class," Christian says on Democracy Now! Nov. 9.
For the complete interview, read the transcript, download the podcast, and for additional information about Democracy Now!, visit
FOLLOW DEMOCRACY NOW! ONLINE:
Twitter: @democracynow
Subscribe on YouTube
Daily Email News Digest
Please consider supporting independent media by making a donation to Democracy Now!
today, visit
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
