“You know what my least favorite movie is? Rocky III. Now I know what you’re going to say. ‘Oh its because of Mr T’s character’s name, right?’ WRONG. Its because the narrative fell apart in the second act and just became so trite and deliberately oblivious to the true nature of the Rocky Balboa canonAAAUUAUAUUAAAUAUAAAGGAGAGGHHHHHHH”
"[T]he truth is that it’s increasingly impossible to sell people transparently self-promoting fairy tales that plainly don’t reflect how the real world works…. That’s the lesson of Occupy Wall Street."
Today is D-Day for Gov. John Kasich’s anti-union law. Ohioans went to the polls on Tuesday in one of nation’s the most anticipated off-year elections to decide Issue 2, a referendum on whether to repeal Kasich’s law that curtails collective bargaining rights for public sector workers. It’s shaping up to be a big win for labor, reports MoJo’s Andy Kroll—but don’t call the state for Obama in 2012 yet.
Resolved: The amount of swag a bank gives out to 18-month-olds in exchange for you opening an account is inversely proportional to the quality of the service at said bank. As MoJo’s Josh Harkinson writes, “When I challenge a Wells Fargo banker to give me one good reason not to move my money over to a credit union, he really can’t.”
Did we mention today is National Bank Transfer Day?
Saturday is the deadline for Bank Transfer Day, the call for a mass money exodus from big banks to credit unions and small community banks. So: How long does it take? Is it inconvenient? Are big banks freaking out? Here’s everything you need to know.
It involves taking the business reply mail envelope that comes with most unsolicited credit card offers, and sending it back to the banks with a message inside that ransacked hopes will help open “a dialogue.”
This isn’t really about running up the postage bill on the big banks, although that’s a nice side effect. The real effect of this is to force banks to react to us.
If they start getting hundreds and thousands of weird responses to their credit card applications, well they’re going to have to have meetings. They going to have to develop new procedures and every hour banks spend reacting to us is an hour banks don’t spend lobbying Congress on how to screw us. It’s an hour banks don’t spend foreclosing on our houses.
So I think that that’s progress.
YouTube Comment of Note: “This supports the United States Postal Service also, maybe keeping several thousand postal workers out of the unemployment line. Good idea.”