Direct action on banks

[left-of-the-dial]

The only thing they fear is fear itself.

A few random(ish) thoughts on direct action on the banks got me thinking.

It's been proven through history that panic and humans cause bank runs the fundamentals may be right but it is a human decision to bail out rather than wait out the storm. The thought of losing your money overrides any doubt. It's better to be safe than sorry.

So surely if a co-ordinated campaign to induce fear was done it may spark a run and bring down a bank or certainly cause it to lose a lot of money.

A few hundred people at key branches queueing in the morning combined with twitter and facebook posts suggesting a problem would perhaps reach critical mass.

Worth a think.

[Pawn Power]

http://en.wikipedia.org/wiki/Enric_Duran

[motion denied]

And then what?

[Ele'ill]

And then what?

lunch time

[Slavic]

Didn't this technically already happen during the '09 financial crisis? Some banks went under but the more powerful ones were saved and financed with tax payer money.

[Ele'ill]

A few hundred people at key branches queueing in the morning combined with twitter and facebook posts suggesting a problem would perhaps reach critical mass.

Worth a think.

I want to echo the 'then what' statement because I don't see this being sustainable at all, the banks and the state would probably ride it out for a day as they have done with pickets and bank actions that grow smaller and smaller every day until it's just someone posting angry comments on indymedia about confused shit that nobody cares about. That's an actual example in one of the most liberal areas of the US.

[Hit The North]

What about direct-action hit squads who pounce on prominent, fat bankers in the street and give them awesome wedgies?

I think recent history shows us that the banks don't require any help from us to fuck themselves up.

[Brandon's Impotent Rage]

Yeah, I agree with everyone else. I've got nothing against revolutionary bank robbery, but it's kind of a dead end. Sure, you can spread around the money, but it's only a temporary solution to a problem that is structural in nature.

That being said.....if someone could track down some rich banker.....or even better, one of the Koch brothers, and shoot them in the nads with a paintball gun and grab their wallet.....I wouldn't strongly object...:rolleyes:

[MarxSchmarx]

btw a huge fraction of bank deposits in the global north are insured under national governments to prevent precisely this sort of activity.

You might be able to fool enough people to withdraw their money but trust me, at least in the oecd world you would not get anywhere pulling this kind of stunt. It might have worked in 1929 but the ruling class isn't that stupid.