Move Your Money NOW - Or Suffer the Consequences


	Move Your Money DAY Or Suffer the Consequences
	11-05-11 - Startling Number: Big Banks Set to Lose 70,000 Accounts on Move Your Money Day 1. What you can do to combat the greatest threat of all time to the United States - Leave your big bank and join a Credit Union. 2. The biggest thieving banks 3. The biggest thieving bank executives If you are complacent, you deserve what you get. TAKE ACTION NOW, or remain a stooge and a pawn of the big banks. I spent decades with the Bank of America. Why? Because they were big, and I wanted to belong. I was treated like one-of-the-herd. I was an idiot. Do YOU want to be one-of-the-herd, too? WHY? Their are many advantages to using a small, local bank or credit union. There are many disadvantages to BEING used by a large, monopolistic, unresponsive, Fascist corporation.		*Vaughn's Summaries* *Economics Summaries* Banks vs. Credit Unions Biggest Bank Bailouts Highest Compensation Next Step Revolution?
30	488 - 768	30	220

top of page

MOVE YOUR MONEY NOW
Big Banks vs. Credit Unions - Disadvantages vs. Advantages

Factor	Big Bank Disadvantages	. Credit Union Advantages
Nature of the Organization	Profit maximization corporation	Nonprofit cooperative
Management	Thieving plunderers	Members (Owners) YOU!
Safety	$ 250,000 FDIC Deposit Insurance	$ 250,000 FDIC Deposit Insurance
Account Eligibility	Anyone	Anyone - You don't need special qualifications
Accessibility/ Availability	Only 6,453 banks in the US	7,800 credit unions in the US
ATM Availability	Must use the bank's ATM or pay a substantial fee	The CO-OP Network has 28,000 SURCHARGE-FREE ATMs nationally
Fees	High - Nickel and dimed Free checking dropped New debit card fees Exorbitant NSF fees	No fees - Low fees
Consumer Loan Interest Rates	High interest rates NO CAP	Low interest rates Capped at 18%
Local Community Support	Could not care less about local community - Denies loans	Supports local community
Your Excuse	OK - Tell me what your excuse is NOW for not switching? Low IQ? Masochist? Or just lazy?
200	250	250

768

top of page

The Biggest Bank Bailouts

Here are the top 26 banks that received the most money from taxpayers - over 1 billion each.
A total of 735 banks received bailout money, for a total of over $200 Billion.

#	Bailout Date	Bank	Location	State	. TARP Dollars Received
1	10/28/08	Citigroup, Inc.	New York	NY	$ 25 Billion
2	10/28/08	JPMorgan Chase & Co.	New York	NY	$ 25 Billion
3	10/28/08	Wells Fargo & Co.	San Francisco	CA	$ 25 Billion
4	10/28/08	Bank of America Corp.	Charlotte	NC	$ 15 Billion
5	10/28/08	Goldman Sachs Group	New York	NY	$ 10 Billion
6	10/28/08	Morgan Stanley	New York	NY	$ 10 Billion
7	12/31/08	The PNC Financial Services Group	Pittsburgh	PA	$ 7.6 Billion
8	11/17/08	U.S. Bancorp	Minneapolis	MN	$ 6.6 Billion
9	11/17/08	Capital One Financial Corp.	McLean	VA	$ 3.6 Billion
10	11/17/08	Regions Financial Corp.	Birmingham	AL	$ 3.5 Billion
11	11/17/08	SunTrust Banks, Inc.	Atlanta	GA	$ 3.5 Billion
12	12/31/08	Fifth Third Bancorp	Cincinnati	OH	$ 3.4 Billion
13	6/26/09	Hartford Financial	Hartford	CT	$ 3.4 Billion
14	1/9/09	American Express Company	New York	NY	$ 3.4 Billion
15	11/17/08	BB&T Corp.	Winston-Salem	NC	$ 3.1 Billion
16	10/28/08	Mellon Bank of New York	New York	NY	$ 3.0 Billion
17	11/17/08	KeyCorp	Cleveland	OH	$ 2.5 Billion
18	12/31/08	CIT Group, Inc.	New York	NY	$ 2.3 Billion
19	11/17/08	Comerica, Inc.	Dallas	TX	$ 2.2 Billion
20	10/28/08	State Street Corp.	Boston	MA	$ 2.0 Billion
21	11/17/08	Marshall & Ilsley Corp.	Milwaukee	WI	$ 1.7 Billion
22	11/17/08	Northern Trust Corp.	Chicago	WI	$ 1.6 Billion
23	11/17/08	Zions Bancorporation	Salt Lake City	UT	$ 1.4 Billion
24	11/17/08	Huntington Bancshares	Columbus	OH	$ 1.4 Billion
25	12/31/08	SunTrust Banks, Inc.	Atlanta	GA	$ 1.3 Billion
26	3/13/09	Discover Financial Services	Riverwoods	IL	$ 1.2 Billion
40	70	240 - 680	100	50	120

Here is the same chart shown above in graphic format (.gif)
Top TARP Recipients - Thieving Banks

A Few Observations
1. Who are the greatest enemies of this country? #1 through #6 above.

2. Give them what they need? Nah. For the top 6 banks, just round it off to the NEXT HIGHEST 5 BILLION DOLLARS! Unfreaking believable. That is YOUR MONEY! Thanks, Timmy. You're a real gem.

3. YOU pay for all their losses. THEY KEEP all the profits. Unfreaking believable!

4. You have ONE TOOL. MOVE YOUR MONEY NOW. This is the ONLY way that you can have any real effect.

768

top of page

Salaries Paid to the TOP Thieving TARP Recipients in 2007

Bank (TARP funds) Executive Salary .
Total
Compensation

Goldman Sachs (10 B)

Lloyd Blankfein, Chair., CEO
Gary D. Cohn, Pres., COO
Jon Winkelreid, Pres., COO
David A. Viniar, CFO
Edward C. Forst, CAO
$ 600,000
$ 600,000
$ 600,000
$ 600,000
$ 600,000 $ 70.3 Million
$ 72.5 Million
$ 71.5 Million
$ 58.5 Million
$ 49.1 Million

Merrill Lynch
(bought by B. of A.)

Gregory J. Fleming, Pres., COO
E. Stanley O'Neal, Former CEO
John A. Thain, CEO
Dow Kim, Former EVP
$ 350,000
$ 584,231
$ 57,692
$ 309,615 $ 27.4 Million
$ 24.3 Million
$ 17.3 Million
$ 14.5 Million

State Street Corp. (2 B)

Ronald E. Logue, CEO
Joseph L. Hooley, VC
$ 1 Million
$ 725,000 $ 28.3 Million
$ 10.3 Million

JP Morgan Chase (25 B)

James Dimon, Chair., CEO
William T. Winters, Co-CEO
Steven D. Black, Co-CEO
James E. Staley, CEO-AM
$ 1 Million
$ 564,379
$ 400,000
$ 400,000 $ 27.8 Million
$ 21.2 Million
$ 20.9 Million
$ 16.7 Million

Bank of America (15 B)

Kenneth D. Lewis, Chair., CEO
Liam E. McGee, Pres. GCSBB
Barbara J. Desoer, GTO Exec.
Brian T. Moynihan, Pres. GCIB
$ 1.5 Million
$ 800,000
$ 800,000
$ 718,859 $ 24.8 Million
$ 12.2 Million
$ 10.5 Million
$ 10.1 Million

Wells Fargo (25 B)

Richard M. Kovacevich, Chair.
John G. Stumpf, Pres., CEO
$ 995,000
$ 749,615 $ 22.9 Million
$ 12.6 Million

New York Mellon Bank (3 B)

Thomas A. Renyl, EC
Robert P. Kelly, CEO
Steven G. Elliott, SVC
Gerald L. Hassell, Pres.
Ronald P. O'Hanley, VC
$ 1 Million
$ 975,000
$ 675,000
$ 800,000
$ 675,000 $ 22.2 Million
$ 20.1 Million
$ 19.7 Million
$11.8 Million
$ 11.5 Million

Morgan Stanley (10 B)

Colm Kelleher, CFO
Robert W. Scully, Co-Pres.
David H. Sidwell, Former CFO
Gary G. Lynch, CLO
$ 339,603
$ 500,000
$ 275,000
$ 300,000 $ 21 Million
$ 15.2 Million
$ 14.6 Million
$ 11.9 Million

Citigroup (25 B)

Gary Crittenden, CFO
Charles Prince, Former Chair., CEO
$ 403,410
$ 1 Million $ 19.4 Million
$ 15.1 Million

200

740 - 260

130

150

NOTES
1. The biggest bailouts involved the biggest plunderers, compensation-wise.
2. Is Lloyd Blankfein THAT intelligent? THAT valuable? THAT deserving? NO. He is just another plunderer.
3. Why are they paid so much? FOR SCREWING YOU! The lobbyists make sure that Congress protects them.
4. There are many others, but I cut it off at $10 Million, to emphasize the biggest plunderers.

768

top of page

Revolution - Institute a New Government

Congressional approval is now less than 10%. The lobbyist-trough guzzling politicians are on shaky ground.

What does our Declaration of Independence say?
"- That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."

We may soon be arriving at the point where this may be necessary, since the K-street lobbyists have perverted our government into a corporation-controlled bribery system, where the people no longer matter. Eventually, "new government" may become the only solution available, if Occupy Wall Street does not work.

768

top of page

This Vaughns Move Your Money webpage was last updated on 2011-11-05.