Banks glad you’re moving your money to credit unions – you aren’t profitable enough & they have too much $$$

I’m sorry, but I’m having a REAL hard time believing this load of manure:

DCDecoder asks [Motley Fool's] Morgan Housel: Why do you think Bank Transfer Day may end up working out for banks AND customers?

Housel: One of the drivers behind [Bank Transfer Day] is people trying to teach banks a lesson. The irony of that is since the financial crisis, and especially over the last three months as there has been a panic about Europe… banks have been inundated with cash deposits. They’ve been seeing a higher inflow of deposits than they can turn into loans.

That’s putting pressure on their margins because banks have to pay [Federal Deposit Insurance Corp.] premiums and overhead costs.

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Lance Enderle announces run for Congress in Michigan’s 8th District

Lance Enderle, who ran against incumbent Republican Mike Rogers in 2010, has announced he will run again in 2012. From his candidate’s website:


I am honored to announce that I have begun my campaign to represent Michigan’s 8th Congressional District in 2012.

I am on a continued mission that began when I ran for the same office in 2010. During that election, I made a commitment to the people of Michigan’s 8th District that I would not quit on them, no matter the circumstances. I have stuck to that promise. Since the 2010 election I have been busy fighting for the issues that matter to Michigan’s citizens and fighting for the rights of the working class.

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Sugar Law Center to host lecture and fundraiser – November 16, 2011

Friend of the Blog™ (hey, if Stephen Colbert can have a Friend of the Show™…) Sugar Law Center is having a very special night next week, Wednesday, November 16th. First, they are hosting the Leonard Grossman Memorial Lecture. As you know if you read this blog regularly, Sugar Law Center is suing the State of Michigan over the Emergency Manager Law (Public Act 4.) They have taken this issue by the horns and have already had some incremental victories. I fully endorse this organization and encourage you to support them in whatever way you can.

So, first, the lecture:

The Leonard Grossman Memorial Lecture:
Movement Lawyers and Citizen Activists—Essential Collaboration For Justice

by Attorney Michael Pitt

Free and open to the public

Michael Pitt is a nationally acclaimed litigator in employment and civil rights cases.

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The GOP debate train wreck finds it’s way to Michigan. Help Planned Parenthood and others “welcome” them.

This Wednesday, the train wreck known as the GOP primary crashes its sorry way into Michigan when the skabillionth debate will be held at Oakland University. As you might imagine, there are a few folks that would like to “welcome” them to our fair state.

First, Planned Parenthood of Michigan (PPOM) will be there to meet the GOP contenders, every single one of which is anti-choice.

This Wednesday, November 9, 2011, a Republican Presidential Debate will be taking place at Oakland University. All of the GOP candidates are anti-choice, with many supporting a “personhood” amendment that would not only outlaw abortion but ban common forms of birth control, emergency contraception, and in vitro fertilization.…
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Following the money: who wants Paul Scott’s recall to fail – Michelle Rhee, the DeVos family, and beyond

You can tell a great deal about a given situation, as they say, by following the money. As anti-union, anti-teacher Republican state Rep. Paul Scott faces the voters of his district in a recall election tomorrow, it’s useful to see who has been pouring money into his coffers for the past couple of months. All of this information is available from the Secretary of State’s website.

Contributor Date of donation Amount of donation
ONE TOUGH NERD PAC 11/4/11 $2,124.00
SMALL BIZ PAC 11/2/11 $2,500.00
DTE ENERGY PAC 10/27/11 $1,000.00
DTE ENERGY PAC 10/18/11 $1,000.00
MI DOCTOR’S PAC 10/27/11 $1,000.00
REALTORS PAC OF MI 9/20/11 $10,000.00
BLUE CROSS BLUE SHIELD 9/27/11 $2,500.00
MI BEER AND WINE PAC 10/19/11 $299.20
DENTAL PAC OF MICHIGAN 10/21/11 $250.00
AT&T MICHIGAN PAC 9/6/11 $1,000.00
AUTO DEALERS OF MI PAC (ADM PAC) 9/27/11 $250.00
BCBSM PAC 9/22/11 $2,500.00
MICHIGAN CHAMBER PAC III 10/20/11 $7,594.00
MICHIGAN CHAMBER PAC III 10/20/11 $6,808.01
MICHIGAN CHAMBER PAC III 10/20/11 $4,945.00
MICHIGAN CHAMBER PAC III 10/20/11 $3,120.99
MICHIGAN CHAMBER PAC III 10/20/11 $2,532.00

Those last few from the Michigan Chamber PAC are for radio and television ads.…

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Governor Rick Snyder loudly booed at Ypsi Bob Seger concert

Bob Seger got a warm reception on the campus of Eastern Michigan University this past week in Ypsilanti. He did, that is, right up until Seger mentioned that Governor Rick Snyder was in the audience.

The only time fans seemed to turn on him was when Seger sent a shout-out to Gov. Rick Snyder and his wife, Sue, who were in attendance. The boos seemed to have the edge, and one audience member could be heard trying to start a “recall Rick” chant.

From reports I have received, the anti-Sndyer response was pretty impressive.

I’m not a bit surprised.…

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Ann Arbor Obama campaign office opens with 100+ activists in attendance

After several years of hearing how Democrats are demoralized and unwilling to get involved in politics and elections, an event in Ann Arbor showed that the so-called “enthusiasm gap” is slimming and not just by a little bit.

On Sunday, Obama for America (OFA), the official campaign of the Obama reelection drive, opened their campaign office in Ann Arbor. Despite relatively little publicity in our local media, over 100 people showed up to get involved. It was a standing room only crowd.

State OFA Director Garrett Arwa was there to fire up the volunteers, telling the crowded room that the Democratic Party is the party who is there for the unemployed, for firefighters, for veterans, for teachers, and for the middle class.…

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Occupy the Michigan Democratic Party!

Next Saturday, the Michigan Democratic Party (MDP) is having its first-ever Fall Issues Convention. It is called Engage Michigan and is being chaired by former Secretary of State candidate Jocelyn Benson.

Here’s a bit about what is being envisioned, from Chair Benson:

What intrigued me most was when the conversations turned to the people in the room: what could we do better to engage our families and colleagues in fighting for a better Michigan?

What solutions could we offer to fix the short and long-term problems in our neighborhoods, cities and state?

How can we better frame these solutions when we talk to others or write letters or post blogs – in a way that inspires and motivates others to get involved?

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