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Thursday, January 12, 2012

What Would Jesus Do? Church Groups to Close Bank of America Accounts

Posted by on Thu, Jan 12, 2012 at 2:40 PM

Tomorrow, during a 1:30 pm rally at the Bank of America (BoA) branch in the University District, representatives from the Faith Action Network and the Church Council of Greater Seattle will close their organizations' bank accounts, and then walk a block and a half down the street to deposit their money into not-for-profit credit union BECU. Both organizations have been banking with BoA, and its predecessor, SeaFirst, since the early 1970s.

"This small step is a reminder to the bank and community that the greed and continued reaping of windfall profits at the expense of taxpayers and bank customers is immoral, and the economic crisis and disparities perpetrated by mega banks an outrage," the church groups wrote in a joint statement.

 

Comments (10) RSS

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Banna 1
WWJD, banker edition.

One of my favorite memes.
Posted by Banna http://www.ucp.org on January 12, 2012 at 2:44 PM
Keister Button 2
Mennonites did this in the 1970s to protest Bank of America's funding of wars.
Catherine Austin Fitts has an article titled "Where Would Jesus Bank?"
Interestingly, a Jewish atheist liberal friend and my devout Catholic aunt both bank at Chase.
Posted by Keister Button on January 12, 2012 at 3:00 PM
Westlake, son! 3
The Church has a huge bank account and it operates tax free. Interesting.
Posted by Westlake, son! on January 12, 2012 at 3:03 PM
Will in Seattle 4
Very cool!
Posted by Will in Seattle http://www.facebook.com/WillSeattle on January 12, 2012 at 3:34 PM
mcFly 5
Back in the 80s, the Archbishop Hunthausen of Seattle got himself in all sorts of trouble for telling people not to pay taxes because that $ will be used to support Nuclear proliferation, specifically in Puget Sound.

Rome sent out person to be "co-adjutator" with him, to keep him in line. He is the last American bishop who attended all 4 sessions of Vatican II. A friend wryly pointed out to me that he's still alive, and most of the other guys involved are dead. Perhaps God really did like his views after-all.

Seattle has a proud progressive tradition of religious proactivity, in spite of the loud guys who get all the press
Posted by mcFly on January 12, 2012 at 4:32 PM
mcFly 6
Back in the 80s, Seattle Archbishop Hunthausen got himself in all sorts of trouble for telling people not to pay taxes because that $ will be used to support Nuclear proliferation, specifically in Puget Sound.

Rome sent out person to be "co-adjutator" with him, to keep him in line. He is the last American bishop who attended all 4 sessions of Vatican II. A friend wryly pointed out to me that he's still alive, and most of the other guys involved are dead. Perhaps God really did like his views after-all.

Seattle has a proud progressive tradition of religious proactivity, in spite of the loud guys who get all the press
Posted by mcFly on January 12, 2012 at 4:35 PM
Supreme Ruler Of The Universe 7

For most big banks, a lot these piddling accounts end up being more hassle than it's worth.

One thing that would cut into the system is the new electronic payment methods, such as Chase is offering which use email (like Paypal). Couple that with Android and near field readers and suddenly small business pays 25 cents per transaction instead of a 3%.
Posted by Supreme Ruler Of The Universe http://yrihf.com on January 12, 2012 at 7:22 PM
8
I think, for full effect, you're supposed to go into the bank building and start overturning tables and desks.
Posted by Pope Buck I on January 12, 2012 at 9:23 PM
mcFly 9
@8 - agreed. (also, that's really funny)
Posted by mcFly on January 13, 2012 at 7:33 AM
Jaymz 10
This is Good News.
Posted by Jaymz on January 13, 2012 at 10:26 AM

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