The Way to Occupy a Bank Is to Own One

Ellen Brown • HuffingtonPost.com • December 15, 2011

The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.

Occupy Wall Street has been both criticized and applauded for not endorsing any official platform. But there are unofficial platforms, including one titled the 99% Declaration that calls for a “National General Assembly” to convene on July 4, 2012 in Philadelphia. the 99% Declaration seeks everything from reining in the corporate state to ending the Fed to eliminating censorship of the Internet. But none of these demands seems to go to the heart of what prompted Occupiers to camp out on Wall Street in the first place — a corrupt banking system that serves the 1% at the expense of the 99%. To redress that, we need a banking system that serves the 99%.

Read the article here.

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2 Responses

  1. I love the idea of a public bank and have signed the petition for my state (NY). Two questions:

    Do you feel that county or municipal banks are a viable option as well?

    Could you please qualify the economic figures in North Dakota with the fact that the state is in the midst of an oil boom, in which oil (not natural gas) is being fracked? Please see http://www.governing.com/topics/energy-env/north-dakotas-oil-boom-blessing-curse.html#comments

    Many thanks

  2. Yes, we do feel that county and municipal banks are a viable option! Especially for solving the foreclosure mess. See Ellen Brown’s upcoming article on the topic. I’ll post a link when it is available.

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