OCCUPY WALL STREET

[atomiczombie]

Originally Posted by Nat

I hear alarm bells with people switching their banks on November 5th. When I think of masses of people withdrawing money from a bank, when you know they don't have the cash at hand to pay for it, it just reminds me of that Mary Poppins scene about the run on the bank. I am somewhat concerned that certain actions could plunge us into a (worse) depression and there might be a certain element of cutting-off-our-noses-to-spite-our-faces going on. The banks deserve it, but I do wonder what the long-term ramifications will be for people.

Bank of America posted something like 6 or 8 billion dollars in profits last year. I think they will be ok.