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Occupy, Labor Groups Advocate Mass Bank Withdrawals

The Occupy San Diego movement, despite facing constant logistical battles with the city over its chosen occupation site at Civic Center Plaza downtown, is continuing efforts toward its ultimate goal – effecting change in the country’s economic and political landscape.

Toward this end, yesterday the group continued its protests against large national banks, picketing outside Wells Fargo and Bank of America buildings downtown, with the support of the San Diego and Imperial Counties Labor Council. Dubbing the event “Withdrawal Wednesday,” Labor Council leader Lorena Gonzalez and several others closed out accounts, pledging to move their money to smaller, local institutions, including non-profit community credit unions.

Complaints against banking giants including the aforementioned, JP Morgan Chase, and others include soaring foreclosure rates coupled with inefficient foreclosure avoidance programs and the introduction of various fees on accounts that were previously promoted as “free.” The bailouts authored by the outgoing Bush administration and overseen by the incoming Obama remain a major source of animosity, inspiring the group’s popular “Banks got bailed out, we got sold out!” chant.

Nationally, the group Anonymous, which began as an online “hacktivist” group and has grown to include members of many in-person protests, has been promoting November 5 as Move Your Money Day for some time. November 5 is celebrated as Guy Fawkes Day, after the conspirator in the failed Gunpowder Plot of 1605. Anonymous supporters are known for attending rallies wearing Fawkes masks popularized by the movie V for Vendetta.

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The Occupy San Diego movement, despite facing constant logistical battles with the city over its chosen occupation site at Civic Center Plaza downtown, is continuing efforts toward its ultimate goal – effecting change in the country’s economic and political landscape.

Toward this end, yesterday the group continued its protests against large national banks, picketing outside Wells Fargo and Bank of America buildings downtown, with the support of the San Diego and Imperial Counties Labor Council. Dubbing the event “Withdrawal Wednesday,” Labor Council leader Lorena Gonzalez and several others closed out accounts, pledging to move their money to smaller, local institutions, including non-profit community credit unions.

Complaints against banking giants including the aforementioned, JP Morgan Chase, and others include soaring foreclosure rates coupled with inefficient foreclosure avoidance programs and the introduction of various fees on accounts that were previously promoted as “free.” The bailouts authored by the outgoing Bush administration and overseen by the incoming Obama remain a major source of animosity, inspiring the group’s popular “Banks got bailed out, we got sold out!” chant.

Nationally, the group Anonymous, which began as an online “hacktivist” group and has grown to include members of many in-person protests, has been promoting November 5 as Move Your Money Day for some time. November 5 is celebrated as Guy Fawkes Day, after the conspirator in the failed Gunpowder Plot of 1605. Anonymous supporters are known for attending rallies wearing Fawkes masks popularized by the movie V for Vendetta.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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