• Citibank patrons arrested for attempting to close their accounts
    74 replies, posted
[QUOTE=Nikota;32804280]Citi bank. More like, infringe on your rights to protest by being a consumer and therefore not running on the principle that the customer is always right- bank.[/QUOTE] New rule is the customer may not be right, But lets hope they arnt a broadcaster!
[QUOTE=yawmwen;32806828]Don't quote me on this but I'm pretty sure police have access to the banks security systems. I think a police department can remotely close and lock a bank in the event of something like a robbery. That would be something that the police are guilty of, not the bank.[/QUOTE] Still false imprisonment.
[QUOTE=pg.;32802994][img]http://www3.pcmag.com/media/images/314713-fair-and-balanced-fairness-doctrine.jpg?thumb=y[/img][/QUOTE] lol about as fair and balanced as the Zimbabwe elections.
[QUOTE=The Aussie;32808623]If anon really wants to break the banks, make them all go to their accounts and withdraw all their savings in cash. it should fuck up a few branches. Do it on a nation wide scale = epic win.[/QUOTE] Don't know about the US or the rest of the world, but in the Netherlands, calling for a mass cash withdrawal is actually illegal after it led to some bankruptcies (lol geddit).
[QUOTE=V12US;32810457]Don't know about the US or the rest of the world, but in the Netherlands, calling for a mass cash withdrawal is actually illegal after it led to some bankruptcies (lol geddit).[/QUOTE] Which makes sense.
[QUOTE=V12US;32810457]Don't know about the US or the rest of the world, but in the Netherlands, calling for a mass cash withdrawal is actually illegal after it led to some bankruptcies (lol geddit).[/QUOTE] I remember that. DSB, wasn't it?
[QUOTE=Delta616;32808640]Do you know how much that would fuck up the economy all over the planet? That is the single most stupid thing I have ever heard of. if everyone suddenly removed their money from all the banks in the world, the world as you know it would shut down.[/QUOTE] There aren't enough anonymous members in the United States to do any lasting damage, worst case scenario is some branches in larger cities would run out of cash If you really think 10 or 15 thousand people closing their bank accounts in the span of a couple weeks would collapse the world economy you're not thinking straight
[QUOTE=RagerTrader;32806773]If that statement is factual, I have some questions for Citibank. 1. Where is the surveillance footage? The protesters have video evidence of their story, and it is publicly available. Where is yours? 2. Why was a woman constrained, dragged into your building, and kept inside? Is that not kidnapping, and if not, can you supply a legal precedent? 3. If you DIDN'T lock people in your branch, why are they not allowed to leave? There was no due cause for thier detainment.[/QUOTE] I think 2 and 3 is more a question to the police
[QUOTE=V12US;32810457]Don't know about the US or the rest of the world, but in the Netherlands, calling for a mass cash withdrawal is actually illegal after it led to some bankruptcies (lol geddit).[/QUOTE] Netherlands is much smaller than the US, remember
Everyone need to take their money out of big banks and put it in a local or regional bank or, preferably, a credit union.
banks will be banks, nothing to see here really
Filthy capitalists
before jumping to conclusions I'd like to actually see the video from what happened inside of the bank. There's certainly going to be cams in there. It could very well be that those arrested were indeed being incredibly disorderly and when asked to leave the premises did not. @emperor - Banks don't just loan to other entities but they actually do some pretty heavy investing as well. But the basic premise is correct. You give them your money for them to use. [QUOTE=Zeke129;32810751]Netherlands is much smaller than the US, remember[/QUOTE] Bank runs are damaging no matter the size of the bank. Essentially the thing is, the bank does not have all the money people have in them. As they work with the money, they have certain reserves, but if suddenly a large number of people makes a bank run, it can lead to the bank being unable to pay out. Which in turn prompts an even bigger bank run. As to the source of income for banks. There's more or less two. A) traditional - that is billing it's customers for actions. b) Loan and investment - essentially working with cash the people give it. The main issue is, that the loan and investment method, while being more lucrative for the bank is also more fickle. And a lot of banks that almost passed over the traditional methods just to get more cash for LI folded in economic downtunrs, whereas banks which had a strong traditional income tended to remain very stable.
[QUOTE=wraithcat;32812894]before jumping to conclusions I'd like to actually see the video from what happened inside of the bank. There's certainly going to be cams in there. It could very well be that those arrested were indeed being incredibly disorderly and when asked to leave the premises did not. @emperor - Banks don't just loan to other entities but they actually do some pretty heavy investing as well. But the basic premise is correct. You give them your money for them to use. Bank runs are damaging no matter the size of the bank. Essentially the thing is, the bank does not have all the money people have in them. As they work with the money, they have certain reserves, but if suddenly a large number of people makes a bank run, it can lead to the bank being unable to pay out. Which in turn prompts an even bigger bank run.[/QUOTE] The Federal Reserve bails out banks in the event of bank runs so it's not that dangerous unless it happens all over the country is mass quantities.
It would seems to me that he was arrested for not being their customer anymore.
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