Today's WTF moment: Occupy Oakland to deposit $20K with Wells Fargo!!

[KamaAina]

http://www.insidebayarea.com/news/ci_19296947

Occupy Oakland has voted to deposit $20,000 with Wells Fargo Bank -- just days after Occupy protesters shattered windows of one of the bank's downtown Oakland branches during the group's attempt to stage a general strike in the embattled East Bay city.

The decision was posted at Occupy Oakland's site for its general assembly. According to the link, the group made the decision to deposit the $20,000 with Wells at a meeting on Monday night....

Some members of the assembly, during the meeting, raised concerns about using Wells Fargo for the group's bank....

Occupy Oakland has pilloried Chase Bank, Citibank, Bank of America, Wells Fargo Bank and other major American financial companies for triggering some of the nation's economic ailments.

:wtf:

Okay, so it takes time to transfer funds to a credit union. But there are several non-Big Four banks within blocks of Oscar Grant Plaza, including One PacificCoast Bank, a community development bank.

[abelenkpe]

1. Crazy. Hope they transfer asap

[noiretextatique]

2. golden one credit union is right downtown

if you are a resident of alameda county, you can open an account. i will contact them.

[KamaAina]

6. Apparently there's some red tape involving credit unions

since Occupy Oakland's incorporation papers haven't gone through yet. That's why I suggested One PacificCoast Bank (formerly OneCalifornia Bank), also right downtown.

[xchrom]

3. ...

:crazy:

[HappyMe]

4. $20k? Wells Fargo?

What the fuck indeed.

My checking account has $52.67 in it.

[Bennyboy]

8. You have a checking account?

One step up...

[peacetalksforall]

5. This sounds sick. I don't get it. I read nothing that provides justification.

If the money has to be deposited in a bank temporarily, there must be a small bank that doesn't have a dirty trail.

[Jamastiene]

7. wtf

:wtf:

[redqueen]

9. If it is about the red tape involving the incorporation papers, I'm sure they'll move it

once those are official.

[KamaAina]

10. What really sucks about this

is that there has been a steady drumbeat of articles in our local M$M about how Occupy Oakland has hurt downtown businesses.

So they don't spend any money at the many small businesses that surround them, but they can put 20 grand into one of the Big Four?! Ouch.

[sabrina 1]

12. You need to get the facts.

See here http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=2272581&mesg_id=2272581

[KamaAina]

13. Nice of the Oakland Tribune/Bay Area News Group to mention that.

:sarcasm: :sarcasm: :sarcasm:

[progressoid]

11. Dumb move.

:wtf: