If this hasn't been mentioned, yesterday Norman Goldman said $5 BILLION in deposits

[gateley]

were moved out of the Big Banks.

He didn't cite a source, don't know if it's accurate, don't have a link, but just passing it along because it made me feel good to hear it. :)


ETA: Found this:

The founder of Bank Transfer day has claimed that the whole "day" was misunderstood.

The idea was never to have a massive one day move from big banks to credit unions, but rather for the day, November 5, to be the deadline of a broader movement.

And it turns out that the movement actually had some heft behind it...

According to ABC News, In October alone Credit Unions around the country gained 650,000 new customers and $4.5 billion was moved out of major banks.

http://articles.businessinsider.com/2011-11-07/wall_street/30368574_1_credit-unions-bank-transfer-new-members

Here's the link to ABC News: (You Tube) http://www.youtube.com/watch?v=cTzFdworUI0&feature=youtu.be

[GreenTea]

1. Keep it going encourage everyone to move their money to local Credit Unions & community banks

[gateley]

2. Look at my edit - even better than I thought! nt

[LaPera]

3. I enjoy Norman Goldman's Show!!

[gateley]

4. But when I have him turned down at work and only hear him

in the background, I have to shut it off because it's all hollering. He's very passionate. :7

[Earth_First]

5. Those numbers come directly from CUNA

Credit Union National Association

http://www.cuna.org/public/press/press-release/issues/hundreds-thousands-of-consumers-billions-of-$$-move-credit-unions

[gateley]

6. Excellent!! nt