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From: TheYoungTurks
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  • WTF is wrong with Wells Fargo catering to the ultra wealthy? Big Government caters to all the poor entitlement slobs unwilling to work for a paycheck. Sounds like Wells Fargo evened the playing ground...

  • Bad numbers this is nominal dollar value not real dollar value which would account for inflation. Money isn't worth what it was before.

  • I'm 19 and I feel like I should know more about this stuff but frankly I have no idea about banks and credit unions. I also have no idea about how the banks bet money and make a profit. Is anyone else on the same boat or am I just an idiot?

  • @Shnimberz You aren't an idiot, they make this stuff complicated on purpose. Its easier to rob you if you are confused.

  • @Shnimberz too right ma mna, the financial system is SO complicated, now dont get me wrong I am no conspiracist and I certainly dont have enough experience to make a faultless judgement. However it is my belief that is desirable for the financial institutions that hold wealth in thrall to remain aloof. my cousin occupies a senior position in citigroup, he knows i think what he does is immoral and he is an ass hole for doing it because he is intelligent enough to know what he does is wrong....

  • @Shnimberz .... and since taking the job he talks in a language that no one really understands unless they them selves are in the industry. like i say it is only one person, but to me it has confirmed my assumption that banks wish to remain elusive and unaccountable. the use of language by financial institutions needs to be examined such that it is easier to understand, should financial language be taught in school?

  • The flag in the background looks oddly like a the confederate flag.

  • Hahahahahahahahahahahahahahaha­hahahahahahahahahahahahahahaha­hahahahahahahahahahahahahahaha­hahahahahaha. Hustle hard stack paper. If your a guy that cant make money, GTFO. If your a girl, then tits or GTFO

  • Credit Unions were orginally designed for small groups of ppl - such as ppl at 1 company, or in a plumbers union, etc

    Then CUs started letting other family memers join & then broadened out to accept any1 in the county, etc

    The Banks took them to court claiming it was unfair b/c the CUs sometimes have office space furnished by a company & are non-profits so they can charge less fees & less interest

    THE US SC agreed but then the sneaky CUs slipped a law thru Congress that cancelled the SC order

  • @DillonDee1 sneaky CUs? stop defending the banks... we need credit and lending, not manipulation

  • Why sure they will create a bank for the super wealthy!!! Think how much they can make off their money!!!

  • Hey people that dont trust credit unions either your the 1% or your a bunch of complete idiots!! There not FDIC!! duh...!! find a non profit one..

  • 10,000 households? Didnt know there where that many but then again you gotta count celebs, business owners and people who inherited their wealth. So now when I think about it that number sounds about right.

    Hopefully I can be that wealthy some day, it sucks being broke and easting ramen noodles everyday

  • anyone else notice how before you watch these videos you get a smear add against the ows movement?

  • I do not trust credit unions either

  • 10,000 households with over 50 million dollars ? adopt me into your family !

  • What I do, When I get my paycheck, I deposit it, withdraw all the money, and keep it in a safe hidden in my house.

  • Ana, just get cash back when you buy stuff somewhere. free ATM.

  • WHY DONT THEY MAKE A BANK CALLED THE 99% , WHICH WILL FUND A POLITICAL PARTY IN EVERY COUNTRY AROUND THE WORLD , AND ALSO FUND BUSINESS THAT IS GOOD CAPITALISM , I THINK THIS IS THE BEST WAY TO TURN THINGS AROUND

  • GIVE YOUR MONEY TO ME , I WILL LOOK AFTER IT :)

  • I think they're going after the super rich because they've squeezed all the revenue they could out of the average working class ppl. Also by saying this Bank is for rich ppl with 50million or more appeals to the ego of the elite. They will want to feel part of an upper exclusive club and prove how much more they're worth then other elites. That's how Madoff got them. The big banks and the wealthy are about to cannibalize each other since they've already eaten every1 else's "pie"

  • Come on Turk you know that All things in GOV happen in arrears, Which mean that the 83 billion under Obama was already poised to be made because of the actions Bush took during his time. Bush Deregulated the Financial structure and due to the uncertainty of the new president. BANKS, insurance co's, etc, decided it was time to start grabbing as much as "physical" money as possible from the consumer to place bets on "phony money" (credit) investments.But the results have been catastrophic

  • anone know the best credit union in the chicago area?

  • @ipwnm00bs Numark seems to be good, they have many thousands of customers in the area.

  • I'm staying with Chase. So far I receive no scam/fees/etc.

  • whoever robs or busts this bank is my personal hero!

  • The Credit Unions will shortly be hit by a million legislations which will impact your money....wait and see. 

  • If the majority of ppl remove their money into Credit Unions, does FDIC still need to insure the money in big banks?

  • That's pretty decent. Now the rich won't have to face heavy tax bills, right?

    Or am I wrong?

  • I've always been with a credit union (BECU), and they don't charge you their own fee (the atm may charge you a fee, but BECU doesn't), they have great online banking, they've always been more than willing to answer any questions I have, I've never had ANY fees for any of the normal transactions I do, and I even had my card number stolen once and they had the money back in my account within a week (with minimal paperwork, I might add). If you're a Washingtonian I highly recommend BECU.

  • Go to a credit union -- they usully have fewer fees & charge less interest

  • Cenk made his point at the end of this clip, way to go.

  • The new "Uber Banks" are a sneaky way to protect the "Uber rich" 1 percents money from being frozen or lost if/when the people rise up and make a run on the regular banks. Credit unions recently announced 650,000 new accounts since the OWS movement started encouraging customers to move their money from big banks to Credit Unions and small local banks.

  • Just for the record, the reason banks are nickeling and diming you is because the federal government is requireing them to raise capital because in this last recession they relied on leveraging (borrowing to buy assets) too much.

    the whole $5 credit card fee was immediately after the government passed laws on how much they could charge other businesses on transaction fees. It is the governments fault.

  • @interstate317 They're making BILLIONS in profit. They can pay out of that.

  • @herduliekdemmudkipz Way to respond to the second half of my post and ignore the first. They need to raise capital to lower their leveraging ratios.

  • @interstate317 My point was that they make billions of dollars in profits. They may cry because they actually need to pay for their fuck-ups, and I assure you they have the money to pay. They just don't want to cut in to their profits so they try to blame the $5 fee on the big bad gov't .

  • I made a whopping $3.27 for my $8,000 savings account in Wells Fargo !!!

    credit union will give me 0.05% =$400. 0 for the same money, they got my money. The banks use to give 7% on a savings account !! Greedy Bastards !!!

  • @trueclassic1 you do realize that the interest rates are set by the federal reserve right? What part of "We need to keep interest rates at zero" did you not understand?

  • TRANSFER TO A CREDIT UNION NOW!!

  • @DillonDee1 Why? whats credit union ?

  • @XXXXNanoXXXxxx credit unions do not have stocks. Instead if you merely deposit there you are a partial owner. All business look out for their investors and shareholders, the difference is that at a credit union, that shareholder is you.

  • @interstate317 mmmm.. That sounds nice. But what happens if the credit union fall? Will we fall with it?

  • @XXXXNanoXXXxxx I think credit unions are insured with FDIC as well.

  • @DillonDee1 "TRANSFER TO A CREDIT UNION NOW!!" hells yeah, I'm interested in doing that and I'm Canadian. If I were American it wouldn't be a question.

  • @Demarcoa ---

    Same I am interested in credit unions as well, but then I remember, I live in northern Europe where we actually have some sound regulations of the regular banks so there's not much credit union options to talk about.

  • @underbjorn yeah I'm in a similar position. Our canadian banks are better regulated but there are a lot of advantages to investing in a credit union that reinvests in the community. But they can't subprime loan their way into bankruptcy, so its not vital like it would be if we were American.

  • @DillonDee1 no even after 4 yrs of money constantly running through safe credit union ,my girlfriend a 21 yr old student with no credit history was STILL DENIED a 500 credit line! nobody wants to fucking lend money anymore, i still dont trust the credit unions

  • @DillonDee1 I'm curious about these, but worried about losing a lot of convenience. Do debit cards still work with all credit unions?

  • Must be a Cali thing because in Florida (Jacksonville to be more exact), almost everyone uses credit unions because they're accessible, goin to a bank sometimes is pain in the ass

  • @WestsidePatriot This is true! It is a Cali thing only because our state,especially in Southern Cali, is so compact that there are atleast 4 or 5 branches from all major banks in every city and considering the number of illegal immigrants we have the major banks will never lose business because major banks never ask questions about how the money was made.

  • I can just see Milburn Drysdale gettin' out the chapstick........

  • The moment the banks start playing with the top 1%'s money and starts losing bets our economy will truly and totally crash. Our government needs a divorce from the private banking industry before they are pulled down with the Bank's gambling addiction or at least pass legislation to stop this horrible cycle of gambling with our money.

  • let's rob it òó

  • @Nightmareske It would be a great idea, but I'm thinking it would probably have some pretty good security compared to the average bank.

  • To cover there ass why wouldn't the targeted clients keep their wealth in multiple accounts across multiple bank to have FDIC coverage?

  • xHail2theKingx is just a troll spammer. Everyone flag him for spam. Even his username shows that he will bow down to any authority figure.

  • I'm sure of Bush's 77 came @ the end and spilled over into Obamas term

  • I was glad that people did that. I joined BECU 7 years ago and love it. The branches were starting to get really packed tho of course. I was excited when I saw a few branches beginning to open up including another one down the street from my house. Yes!!

  • @xHail2theKingx OK well actually no we are not, moron.

  • I have online banking with my credit union, you just joined the wrong one >.>

  • credit unions? But that's socialism!!!!!111!!one111

  • @leungchaan they are not socialst in ANY way.

  • @interstate317 Poe's law...;-)

  • @leungchaan ah. That explains the "one" being typed out : P

  • households with over 50 mill?

    more like mansion with over 50 mill.

  • I have 49,000,000 Million FUCK

  • @HackingFever101 Shitty, Bro. Open a Paypal account and I'll send a donation.

  • @HackingFever101 trololll..

  • LOL, the rich are enacting class warfare against the rich.

    Didn't even need the government to start this. How ironic. Stop blaming government/socialism/liberals/­whatever, you tea-partiers.

  • I hope they release Madoff from prison and let him tell these people how to invest...

  • FUCK YOU BROKE ASS LIBERALS...OCCUPY MY LEFT NUT SACK!!!!

  • @xHail2theKingx You're pretty right wing for a gay man.

  • @iowntwocats Im not gay im happy and you socialist pigs need to take a shower

  • @xHail2theKingx YOU might not be gay, but your page is suuuuuuuper gay. And im not a socialist pig... :(

  • @iowntwocats I am not gay gay is sooooooooo yesterday sweetie. DISMISSED TALK TO THE HAND!!!

  • @xHail2theKingx I cant tell if you are serious with the right wing stuff though. You really think occupy wall st is a bad thing?

  • @iowntwocats they are horrible baby. they smell they trash everything and just want redistribution of weath. MAKE YOUR OWN DAMN MONEY AND STOP LOOKING FOR HANDOUT. Nothing but spoiled rich kids taking a break from class.

  • @xHail2theKingx its not about looking for money. They dont want money for themselves. They want reformation of our political system, which is currently owned by corporations. Don't you think that would be a good thing?

  • @iowntwocats lies.. their just a bunch of socialists and anarchists against capitalism...If political reform is what they wanted they would 'OCCUPY' the nations capitol and the White House instead they harass hard working men and women from the private sector.

  • @xHail2theKingx Wall street are hard working men and women? Those are the people partly responsible for the economic collapse. Not only that, they are the people buying and corrupting our political system with lobbyists and bribes. These aren't socialists and anarchists, they are mainstream middle class, protesting the shit deal they have.

  • @xHail2theKingx You watch too much Fox News. You are completely ignorant to the reason behind the whole movement. I have a Masters Degree and have an excellent career in the education industry for healthcare professionals, yet I am out there marching too. I have met both people on the sides of the aisle. We are trying to end the Fascist regime that has taken over both parties and our country. I hate having to say "both" parties. Absolutes lead only to bad things.

  • @CosmicTopSecret suck out my asshole and occupy my left nut. later lol

  • @xHail2theKingx Your comments to me just further proves your ignorance. I will not stoop to your level of personal attacks and abusive language. I was only trying to help you understand the truth behind this movement. You have much to learn young one. Comment back to me when you have a full understanding of the movement. Perhaps a lost cause, but If you go back and look at my previous posts, you will find that I am one of the few people who actually knows what I am talking about. Grow Up.

  • Why are banks gambling rather than banking? It is because of the Fed and the Federal Government. The bank doesn't care so much about depositors because the FDIC will bail them out and the bank will get the money back. The fed prints money out of thin air and gives it to the banks. The banks use that same printed money and give the the government and charge interest. It is all a screwed up system they got going on. Vote for Ron Paul. End the fed, stop the Federal government.

  • Cenk Congratulations on the new gig at Current TV. I can't wait, please bring Ana with you...

  • I wonder what they're giving people to open a new account? I'm guessing it's not a toaster.

  • There is a silver lining to this dark cloud. If i'm running a bank hacking ring in Manilla, i'll know EXACTLY where I should be putting my grubby little mitts.

    And there's no public blowback coz it's not like i'm raiding Little Timmy's college fund or Grandma's retirement nest egg.

    Then again, sink a few dozen million into the top ad firms and I can make the American people believe that the sun rises in the west and sets in the east...

  • You guys are a bunch of idiots...

    wells has accounts for every type of person broke dudes and ballin ass dudes.. A multi millionaire doesnt have the same needs as me and I most deff dont have the same needs as multi millionaires..

  • Anna you choose a real crappy CU. Mine has mobile banking and waives all atm fees. in fact they pretty much waive all fees in general. honestly im not sure how they make money.

  • I bank with Wells Fargo and have never been screwed, it has actually been the complete opposite. I have a student account and I don't have to keep ANY money in my checking or savings. Maybe Wells is doing this because they don't screw over people as much as other big banks do?

  • @crazyrandomfool they fund all the anti-immigrant legislation for private profit immigration prisons

  • Great news... Now if Well Fargo needs a bailout they can call on the 1% and leave the tax payers alone...

  • At least this will remove the illusion of equal service. Only the rich will be allowed to use this bank so all of the rest of the Wells Fargo's can continue to degrade services without upsetting their "big" customers. If they keep this up I am pulling out my twenty dollars and going to a credit union!!.....Wait, there's a $15 fee for that so...Errr-Nevermind.

  • Really Wells Fargo REALLY? Way to show you are for the little guy. Oh WAIT that' right you AREN'T.

  • My credit union has online banking and not only do they not charge me ATM fees, they give me back fees I'm charged from other ATM's.

  • Burn it to the ground.

  • Comment removed

  • It doesn't matter where they put their money now. A Constitutional Convention will stop the millionais/billionaris Crony Capitalism, and they will no longer own Politicians, and be paying their fair share of taxes. This Is A Call For A Constitutional Convention Now! Stop the curruption of our govenment.

  • @barrybrookens Just because one has more money than you doesn't mean they are corrupt

  • @BorgKing001 That seems to be the theme though.

  • @barrybrookens

    That would actually be insanely dumb with how the parties are.

  • If you use an ATM from another credit union you don't get charged anything. There's CU's all over the country. You'll be fine. :D

  • ROB IT!

  • A Tomahawk Cruise Missle through the front door will help the big banks alot.

  • @CrisKG125

    what about tom cruise ?

  • Recession? What? Business is a boomin'

  • Fuck that stupid anti OWS wall street ad, they must think we're stupid.

  • @DarkStar1O9 They *do* think we are stupid. Because most people are. Carlin said it best. "Think of how stupid the average person is... then realize half of'em are stupider then that."

  • I hope the banks "help" them out as much as they "helped" us.

  • One more reason I am glad that I just got rid of my Wells Fargo account.

  • give the bank 51 million and they will launder it for free!

  • @TheSaboteur97 good idea

  • The rich are so because they have a system working for them, they learned that trick. The rich will not get screw like your average person. The poor will keep declining.

  • Just wondering how long it will take for some bright spark to hack in and transfer all the wells fargo money back out again!

  • Comment removed

  • Ana seemed to imply that this new bank will have services that other banks don't. Other banks have these same services, just not included in the basic package. Therefore, the only advantage of this bank is that you will see less of the 99% around you.

  • Cool.......so now we can find them easier

  • Bank Transfer Day is an excellent idea! Every country should have one.

  • They're not going to try and screw the super-rich over. Why? Because if a bank steals from poor/average people, nothing happens. If a bank steals from rich people, they go to jail.

  • @MrCrazyCanuk Tru dat.

  • @MrCrazyCanuk Unless the banks change the law to make it so that THEY are the rich, instead of the actual rich.

  • Sooo.....What will happen if Wells Fargo gamble & lose all the money of the super-dooper rich (like they just did with the average workers money)?

    Will they...

    (A) Run to the government & ask (demand) a bailout?

    or...

    (B) Run away & hide as fast as they can if the government refuses to do another bailout, because they know that the 1% will have them assassinated (and make it look like an accident or suicide)?!

  • Looks like the 0.99% are being screwed by the top 0.01%. LOL.

  • @Shonenut213 that would one make 1% if you add up your math

  • the deficit is owed to the american people, the government should tax the big banks and corporations then invest in public education and healthcare. the educational system in our country is where the real reform is needed. shitty public schools are the real reason of inequality, classism and racism. go watch the movie called "waiting for superman".

  • @genie0390 not all are in misery, but many are. just because you have a good life doesn't mean that everyone has that chance. arrogance ftw, huh?

  • Great. Let's get a customer list for their noose fitting...

  • @audadvnc - Wooot!....Oh Yeah! You got that right man!

  • Ana the hypocrite in skirts doesn't like the big banks, BUT she sure loves all the perks big banks can offer, like online banking on her smartphone, which is built by corporations, which she doesn't like

    personally I would like to see Bank of America lose far more customers because the super liberal Warren Buffett has sunk 5 billion into that bank and his losing some money would make my heart sing, for I hate hypocrites ssooo much

  • My simple name suggestion for the bank: Bastards

  • A bank that caters to the wealthy? Isn't that the definition of a bank?

  • Also to add to my comment. I'm not protecting Obama. They are still making much more per year under Obama than under bush, but I hate missleading statistics.

  • I have a Regions account, and a USM credit union account mainly just to have one.

    I call the USM CU about using them mainly since at the time Regions wanted to charge me $4, and the banker was excited, and I was too until she said I would incur $3.50 in charges to do so.

    Why would I move my money to a CU w/limited locations and almost the same fees? (Now higher since Regions removed the fee)

  • Tyt... learn some statistics. In 2004 (when bush was president) 1$ was worth more than it is now. 1$ from back then would be worth $1.15 today. If you calculate it out, The ratio of profit from Bush --> Obama in terms of actual wealth is 72Bil (Obama):77Bil(Bush) which is actually 6.5% less. This is why statistics taken out of context are misleading. You really should have someone with some economic background checking your news or you'll end up sounding like Fox (Whom also does this crap).

  • @iPhTx3 Even so it would still be 72 billion in 2.5 years compared to 77 billion in 8 years.

  • @iPhTx3 Sidenote I haven't seen the actual study, but they could have acocunted for inflation. Either way they are making more money than ever.

  • Send it to me, I'm a nigerian prince!

  • my theory: that bank will never do risky bets at all. That bank will keep the 1% money safe while the money of the 99% deposit in all the other banks will be use to do bets.

  • now that we know where all the money is going to be store, poor people will know what building to invade :)

  • burn it.

  • All the big banks already have programs for the super wealthy and have for years. BTW some of the little facts are wrong. When u close ur account of course the banks let u but if you have outstanding charges or ur account is negative you need to make it positve. If ur account is positive they can give you a cashiers check or cash without an issue. No fan of the banks but u need to be accurate with the facts.

  • The Bank of One-Percent.

  • The 1% Bank.

  • @coltor9 Actually, it's the 0.003% Bank.

  • @Insanity12345 If they opened a bank called The Bank of The 99% and made you show picture voter id that you were NOT in the Republican Party, the GOP would soon be history as we could all move our money there and no longer have to deal with the scum.

  • @coltor9 At least Fifth Third bank represents 5/3 of the people.

  • Well we know which bank to burn. >:D

    Or they are trying the trick us and the bank is empty. ???

  • How does Ana's earring not get tangled up in her hair?

  • Lol if I were rich all my money would be in a Swiss bank account. Why would I ever want to leave my money in the hands of thieves and conmen?

    If you're rich and you leave your money with Wells Fargo, you deserve what happens.

  • The top one percent shall cannibalize itself. Friends will turn against eachother until all but one is left. then that one too will surely fall. This is my prophecy, you mark my words

  • Obama is as big a corporatist as Bush or anybody else.

    I will not vote for Obama under any circumstances. I would rather have one of the nut cases.

  • join USAA they have online banking and no debit card fees and no atm withdraw fees ever!

  • Mountain America Credit Union has online credit unioning. ;)

  • If only John Dillinger were still with us.

  • lol they're pulling their last reserves into a fortress

  • so where do I go if I have 49,999,999 dollars

  • @201stars go bum a dollar, or check the couch for a buck in loose change. =)

  • @201stars GET A FUCKING JOB THAT'S WHAT YOU POOR LOSER!!

    God some people.

  • @UrbanZ0mbie ew i have to put my bank with you regular commoners *turns up nose*