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Economics Summaries
Credit Cards

Move Your Money NOW
Or Suffer the Consequences
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by Vaughn Aubuchon


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?
1. There are many advantages to using a small, local bank or credit union.
2. There are many disadvantages to being used by a large, monopolistic, unresponsive, Fascist corporatate bank.

Banks vs. Credit Unions

Biggest Bank Bailouts

Highest Compensation

Next Step Revolution?
.

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Surprise! Big Banks Still Hurting
Customers Years After Crisis

Banks STILL Screwing Customers
The OCC needs to kick more a$$.
Time to nationalize the banks ?

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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?

.

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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

.
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, IL

$ 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

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Here is the same chart shown above in graphic format (.gif)
Click to Enlarge

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.

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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 Mill.
$ 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

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.

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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.

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This Vaughns Move Your Money webpage
was last updated on 2018-09-20.