A Semi-Contrarian View on Bank Transfer Day [View All]

[coalition_unwilling]

My wife and I have held off on closing our checking and savings accounts with Wells Fargo for the time being. Our reason is fairly simple: the people who staff the branches of the WF branches are, for the most part, members of the 99%. And if Bank Transfer Day achieves its desired effect, those members of the working class would face massive layoffs. In a political climate where the Repukes hold unemployment insurance hostage, we simply do not want to take any actions that may threaten the interests of workers -- many of whom are getting by paycheck to paycheck -- or the working class, just so we can stick a shiv in the backs of rich shareholders of the bank.

My wife and I are open to being convinced, though. Is there some factor we have failed to take into consideration? Does fucking over a bank's shareholders serve the interests of the working class?

N.B. WF sent me an email saying it was going to start charging $15/month for any checking account that maintained less than $7500 balance. However, in checking with them, it appears WF waives the fee if you have some sort of direct deposit or automatic transfer from checking to savings. So personal economy may still push us over the edge. But Bank Transfer Day on its own terms has left me decidedly ambivalent.

Edit to remove redundant question and add clarity.