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The Occupy Wall Street protests have started a national conversation about how capitalism should work – or if it can work at all. But for all the talk about the problems with our financial system, it seems like few workable solutions have emerged. After several large bank bailouts, many people feel powerless. But others are taking action to get that power back.
CHARLIE MINTZ: Can you tell me what you’re doing?
UNIDENTIFIED MAN: I'm painting a giant foreclosure sign that we're going to be putting up on the big banks throughout San Francisco to symbolically close them. Move your money.
KALW’s Charlie Mintz recently talked with some San Franciscans about this very issue. Mintz was in Justin Herman Plaza on November 5 – what was called “Bank Transfer Day,” an online campaign to remove money from corporate banks and open accounts at credit unions.
UNIDENTIFIED MAN: I did it yesterday. My sense of the influence of money in government and power, and all the issues of who is controlling the means.
According to a survey by the Credit Union National Association, 650,000 people moved their money in the four weeks leading up to Bank Transfer Day, moving an estimated four-and-a-half billion dollars. The American Bankers Association contests those figures, and no one will know for sure until official numbers are released in February. But there’s no doubt many people are making the switch.
UNIDENTIFIED MAN: Jesus kicked the moneylenders out of the temple for doing what our banks do. And he wasn't particularly peaceful about it. As I like to say, we are being more peaceful than Jesus. We need to get bankers the hell out of running our country.
So what will the impact of this exodus be? Charlie Mintz has some answers.
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Broadcast History
KALW 91.7FM:
November 16, 2011
Transcript
The Occupy Wall Street protests have started a national conversation about how capitalism should work – or if it can work at all. But for all the talk about the problems with our financial system, it seems like few workable solutions have emerged. After several large bank bailouts, many people feel powerless. But others are taking action to get that power back.
CHARLIE MINTZ: Can you tell me what you’re doing?
UNIDENTIFIED MAN: I'm painting a giant foreclosure sign that we're going to be putting up on the big banks throughout San Francisco to symbolically close them. Move your money.
KALW’s Charlie Mintz recently talked with some San Franciscans about this very issue. Mintz was in Justin Herman Plaza on November 5 – what was called “Bank Transfer Day,” an online campaign to remove money from corporate banks and open accounts at credit unions.
UNIDENTIFIED MAN: I did it ye...
Read the full transcript