Occupy Wall Street plans a debit card

Thomas Lifson
Call the irony police! Those oh-so-pure rebels of Occupy Wall Street, so adored by the progressive media despite the crime wave engendered at their camps, are planning to get into the money business themselves. Very altruistically, of course.

Alan Farnham of Good Morning America writes:

...Carne Ross, a board member of the Occupy Money Cooperative, tells ABC News that his group's intentions could not be more altruistic or more in sympathy with Occupy's larger, progressive agenda.

 Ross, a former British diplomat and commentator on banking and international affairs, says he first came up with the debit card idea when he and like-minded activists were occupiers of New York's Zuccotti Park two years ago. Nor was a debit card the only financial idea they kicked around. "We debated buying a bank, which we came close to doing. It remains an option for us," he says. "We eventually came to this [the debit card], as the easiest way to get a financial product out there."

 Though its website, Occupy Money seeks to raise approximately $1 million to produce the card, which would be available at no cost to anyone wanting to sign up for one. While there would be no upfront cost, users would pay fees, including $1.95 per ATM withdrawal and 99 cents for balance inquiries. To make the card widely accepted, the Cooperative has forged a relationship with VISA.

Naturally, this is not going down well with other movementistas who consider themselves more down with the struggle:

Suzahn Ebrahimian, a self-described "writer and poet who is currently working on counter-oppression training and facilitating mutual aid networks in Idaho, which is on stolen indigenous land," took to the pages of Tidal magazine to critique the debit card. Tidal is distributed free "as a tactile object" in New York; Portland, Oregon; and Tunis.

 Wrote Ebrahimian with an acid pen: "Yes, folks, the true agenda of Occupy Wall Street is here: to give you a negligibly 'better' option within a system that is killing us all, and at such a reasonable price." She was only warming up.

 Referring to the board members of Occupy Money, including Ross, she says that when she read their bios, she "went from being amused to confused to outright shocked. They are all clearly lifelong revolutionaries. Working for BlackBerry, the Federal Reserve, and Deutsche Bank, for example, are real resume builders when it comes to collective struggle."

 They are engaged, she asserts, in nothing more than a craven attempt to squeeze some free marketing out of the Occupy name, which, she says, was up for grabs. "These folks grabbed it." They will use it, she predicts, to gain the upper hand on "their credit union competitors" by luring away their customers.

Sometimes the entertainment value of the left wing crazies almost justifies their existence.

Call the irony police! Those oh-so-pure rebels of Occupy Wall Street, so adored by the progressive media despite the crime wave engendered at their camps, are planning to get into the money business themselves. Very altruistically, of course.

Alan Farnham of Good Morning America writes:

...Carne Ross, a board member of the Occupy Money Cooperative, tells ABC News that his group's intentions could not be more altruistic or more in sympathy with Occupy's larger, progressive agenda.

 Ross, a former British diplomat and commentator on banking and international affairs, says he first came up with the debit card idea when he and like-minded activists were occupiers of New York's Zuccotti Park two years ago. Nor was a debit card the only financial idea they kicked around. "We debated buying a bank, which we came close to doing. It remains an option for us," he says. "We eventually came to this [the debit card], as the easiest way to get a financial product out there."

 Though its website, Occupy Money seeks to raise approximately $1 million to produce the card, which would be available at no cost to anyone wanting to sign up for one. While there would be no upfront cost, users would pay fees, including $1.95 per ATM withdrawal and 99 cents for balance inquiries. To make the card widely accepted, the Cooperative has forged a relationship with VISA.

Naturally, this is not going down well with other movementistas who consider themselves more down with the struggle:

Suzahn Ebrahimian, a self-described "writer and poet who is currently working on counter-oppression training and facilitating mutual aid networks in Idaho, which is on stolen indigenous land," took to the pages of Tidal magazine to critique the debit card. Tidal is distributed free "as a tactile object" in New York; Portland, Oregon; and Tunis.

 Wrote Ebrahimian with an acid pen: "Yes, folks, the true agenda of Occupy Wall Street is here: to give you a negligibly 'better' option within a system that is killing us all, and at such a reasonable price." She was only warming up.

 Referring to the board members of Occupy Money, including Ross, she says that when she read their bios, she "went from being amused to confused to outright shocked. They are all clearly lifelong revolutionaries. Working for BlackBerry, the Federal Reserve, and Deutsche Bank, for example, are real resume builders when it comes to collective struggle."

 They are engaged, she asserts, in nothing more than a craven attempt to squeeze some free marketing out of the Occupy name, which, she says, was up for grabs. "These folks grabbed it." They will use it, she predicts, to gain the upper hand on "their credit union competitors" by luring away their customers.

Sometimes the entertainment value of the left wing crazies almost justifies their existence.