usage and you know the fact of the matter is those big banks wells fargo bank of america chase they are systemically dangerous institutions if they fail they could take down the entire economy the smaller banks and the credit unions don't contribute to you know economic harm in that way they they fail all the time now you have to do your research there's a website you can go to called move your money and there's a tool there that allows you to find a small bank or a credit union that has good finances you know small there's a always mean better but there are tools out there to help you make a good decision but in that case if you know that smaller banks if you know the credit unions fail all the time or fail more frequently why wouldn't you keep your money in a big bank that's too big to fail because the government will constantly bill it out. well eat you need to find a small bank that's f.d.i.c insured credit union is f.d.i.c insured and in that case it posits i think up to two hundred thousand dollars are protected if you have more money than that then you need to do a little extra d

of wells fargo bank. why are you targeting wells fargo specifically? >> wells fargo is one of the big banks like bank of america, wells fargo, citibank, chase, actually hadage fraud and foreclosed on millions of homes around the country. they have kicked people out. made people homeless. and it's just one of the banks that we are atargeting. >> reporter: thank you. we are also tried contacting wells fargo officials. they were not available to comment. i should add there's three other similar protests planned, two in the united states and one in washington, d.c. at the treasury department and one in l.a. they will also be protesting in france where the g20 summit is meeting to discuss the ftt, the financial transaction tax there, as well. back to you. >> it seems they are clarifying their message. thanks, anser hassan. >>> along those lines the leaders of the top 20 world economies including president obama all in france today for the g20 summit where much of the focus is actually on greece after sending the world markets into chaos on monday. greece scrapped its plans finally for a public vote over the country's bailout earlier today. attention is now tu

excelsior district has the highest foreclosure rate in the city and the bank targeted bank of america, wells fargo, citibank chase and u.s. bank. >>> in the south bay, a 14-year-old girl is dead tonight. the innocent victim of a drive by shoot. she and her friends had just left a birthday party when the shooting happened. kimberly terry has the latest on the victims, the investigation from morgan hill. >> reporter: morgan hill police say there were about 15 to 20 teenagers on this lawn at the corner of cosmo and del monte. during a drive by shoot. a 14-year-old girl was killed, three others injured. >> we don't believe that they were targeting those four specifically. just that they happened to be in the wrong place at the wrong time. >> police say 214-year-old girls are in critical condition, one of them shot in the abdomen is in a medically induced coma. a boy has been treated and released from the hospital. as for the suspects. >> one of the officers who happened to be in the area during the time of the shooting followed the vehicle, lost it temporarily and found it on bar nel which is approximately three or f

banks. 650,000 people have deposited $4.5 billion into smaller credit unions since the end of september. marches, rallies, protests are supporting this movement on saturday. it is still happening despite banks like wells fargo, chase, bank of america even preserved reversed their action of monthly debit fees. coming up, if this will even make an impact on these banks? with the movement of 650,000 people. >>catherine: the latest information on the " occupy " movement can be found kron 4 facebook fan page www.kron4.com and our twitter feed. >> we have another round of cold wet weather. starting with the cold with nfrost advisory. with freezing temperatures expected in the area highlighted by the pink. now, the wet weather we will see the showers move into the north bay. by 5:00 p.m., widespread through the north bay. by 7:00 p.m. it will increase in intensity. the yellow is indicating a moderate downpour. by 8:00 p.m., widespread heavy rainfall indicated by the orange. that will be pushed into the entire bay area by 9:08 p.m. saturday. the rest of the aerial could it stay dry. tomorrow could be chilly. the rest of the-area could stay dry. 50s expected through the immediate north bay. 60s expected bay-area wide your full forecast com

francisco has the highest foreclosure rate in the city and the group targeted bank of america, wells fargo, citibank, chase, and u.s. bank. >>> in oakland, while occupy demonstrators continue to rally in front of city hall, a different protest is under way. the protest comes on the anniversary of the sentencing of former bart police officer johan sister mehserle who served an 11-month prison sentence for shooting and killing oscar grant on a bart plat tomorrow in 2009. family and friends are using the anniversary to bring attention to disparity in sentences when it comes to race. >> if michael vick could be charged for dogfighting, not even murder but dogfighting, and be sentenced to four years, how is it that a man could murder another man, a man of color, and only get 11 months? >> today's rally was peaceful and there was no police presence. >>> we have some rain headed our way. in fact, we could see in some of those pictures rain has already made it here. let's check in rob myette that. >> we're seeing moderate rain reaching the peninsula and parts of the east pay. san francisco to oakland, you can see

of a nationwide campaign called bank transfer day. it was designed to punish banks for the proposed debit card fees. this week bank of america joined chase and wells fargoand canceled the plans to do so. we spoke with the organizer of bank transfer davey yaw skype. -- transfer day via skype. >> i don't consume actions from a handful of the organizers. they are choosing to engage in the actions. >> the credit union national association says 650,000 people switched to credit unions last month. byway of comparison they had 600,000 customers open accounts in all of 2010. >>> the gop presidential hopeful herman cain was back before the crowds trying to bring a little normalcy to the campaign. >> have i been in washington all we -- i have been in washington all week, and i have attracted a little bit of attention. >> cain has been doged all week by allegations of sexual harassment from at least three former employees. one of those women released a statement through her lawyer. details though were lacking. >> mr. cain knows the specific incidents that were alleged. my client filed a written complaint in 19ninety 9 -- 1999 against him specifically, and it had v

of a nationwide campaign called bank transfer day. it was designed to punish banks for the proposed debit card fees. this week bank of america joined chase and wells fargoand canceled the plans to do so. we spoke with the organizer of bank transfer davey yaw skype. -- transfer day via skype. >> i don't consume actions from a handful of the organizers. they are choosing to engage in the actions. >> the credit union national association says 650,000 people switched to credit unions last month. byway of comparison they had 600,000 customers open accounts in all of 2010. >>> the gop presidential hopeful herman cain was back before the crowds trying to bring a little normalcy to the campaign. >> have i been in washington all we -- i have been in washington all week, and i have attracted a little bit of attention. >> cain has been doged all week by allegations of sexual harassment from at least three former employees. one of those women released a statement through her lawyer. details though were lacking. >> mr. cain knows the specific incidents that were alleged. my client filed a written complaint in 19ninety 9 -- 1999 against him specifically, and it had v

opportunity to charge many banks excuse me or take the opportunity to charge small fees every single time people use one of those debit cards j.p. morgan chase wells fargo bank of america and u.s. bank are among the most well known banks that have contracts with a prepaid cards so what kind of fees were talking about well take us bank for example they allow the card holders make just four withdrawals per month without a chart after that it's dollar fifty for each visit to the a.t.m. so one u.s. bank customer robin robin bill is an unemployed man from oregon who lives off of one hundred eighty nine dollars a week now since he uses an unemployment money to pay all of his bills rob says they easily as more than four transactions a month and he's afraid to withdraw all the money from his car the one transaction because i'm very happy seven thousand dollar overdrafting feet so the huffington post reports that some of those banks even charge for those using these prepaid cards i.e. that employ just for checking their balance or. or using a debit card to pay for things online so clearly the banks about a way to make a profit off of those who've been hit the hardest in our eco

about 30 protesters want to bank of america, chase, and wells fargo and chanting their message. >> move your money, which coupled miracle we are being ripped off! >> i compiled by citibank credit cards and all of my check i walked into a city bank at 10:00 a.m. and i gave them this little back with all the remnants on it and ask to speak with a manager and close my account immediately. >>reporter: she told me that she was tired of extra fees that the big banks were charging so she decided to put her money in a credit union. >> the banks are ripping us off. >>reporter: these residents took to the street for the national bank transfer date. more than six to their 50,000 people have are the joint credit unions. this and close his account yesterday. >> we are mad as hell and we will not up with this anymore. >> the banks love your money not you. >> vicki: people protested outside a moment creek today, the occupy protesters there said even though they're not any big city they're not immune to the economic downturn. >> you see that on a creek you know you should be concerned. >> it is people

after thousands of customer complaints in the last week several rival banks including wells fargo and jpmorgan chase have decided to drop their plans for similar fees. bank of america'scision is a hot topic on facebook. terry: why wait until the next time they choose to impose new fees about better to move now and not have to worry about it. bofa is going to nickel and dime us to death. janet: damage done. as soon as the heat is off, they will do something elsea screw you. i say, stay with the credit union. >>> solyndra will begin auctioning off some assets today as part of bankruptcy proceedings. buyers can get artwork, computers, solar pan nettles even the company microwave. facilities -- and major manufacturing equipment will not be auctioned off because the company is still up for sale. the justice department is investigating solyndra and the 500 million dollar federal loan it received. the company filed for bankruptcy in september and laid off 1,000 workers >> millions of parents use it everyday, but should they? >> the health danger some advocates say can be found in a popular brand of baby shampoo. >>> a landing no passenger wants to be part of. the story behi

after thousands of customer complaints in the last week several rival banks including wells fargo and jpmorgan chase have decided to drop their plans for similar fees. bank of america'scision is a hot topic on facebook. terry: why wait until the next time they choose to impose new fees about better to move now and not have to worry about it. bofa is going to nickel and dime us to death. janet: damage done. as soon as the heat is off, they will do something elsea screw you. i say, stay with the credit union. >>> solyndra will begin auctioning off some assets today as part of bankruptcy proceedings. buyers can get artwork, computers, solar pan nettles even the company microwave. facilities -- and major manufacturing equipment will not be auctioned off because the company is still up for sale. the justice department is investigating solyndra and the 500 million dollar federal loan it received. the company filed for bankruptcy in september and laid off 1,000 workers >> millions of parents use it everyday, but should they? >> the health danger some advocates say can be found in a popular brand of baby shampoo. >>> a landing no passenger wants to be part of. the story behi

bank of america for debit card. all the banks have dropped it bank of america last on the list after wells fargo, sun trust, jp morgan chase, you name it wait and see because we could get other kinds of fees absolutely from bank of america. everybody is watching for that if you study bank fees over time which i have. they go up and up and up. >> shepard: and they keep going up. >> and they go up. >> shepard: they will find a way. >> they go up. >> shepard: gerri willis the best team in business. her program airs every day 5 eastern 4:00 central on the fox business network. fox news is america's election headquarters and today all eyes were on iowa where most of the republic presidential candidates were tending a forum on manufacturing jobs. most of them. but two of the frontrunners, the somebody can think they are going to run for president and not show up to talk about the importance of manufacturing. >> now, keep in mind, this comes even as herman cain's campaign struggled to deal with the fallout after word of sexual harassment accusations. yesterday, we learned that two women accused the the candidate of sexually haras

homeowners have been forced out by foreclosure, they will shut down bank branches, bank of america, wells fargo and chase say be careful. >> i need my home more than chase needs one more. >> reporter: so what will the city offer? >> we'll have law enforcement out. >> reporter: the cops will be out, but almost every other city worker won't, according to the union representatives. >> they can apply for a sick day or vacation day, or furlough day, the city won't deny that. >> reporter: and while educators normally encourage the event. >> i will not be working on wednesday, i will be working in my community. >> reporter: on wednesday they want kids to walk out, and seems oakland's superintendent is on board. >> so much of what is happening with the occupy movement is right on point. and to have the oakland association supporting it. >> reporter: so are some small businesses. >> we're closing for the day, yeah. >> reporter: one says that stopping the cash issue is the only way to grab corporate america's attention. but demonstrators plan to grab oakland's attention. >> we intend to pick et anybody. >> the dem

it is not lukely that the account closings will make a dent on bank of america and wells fargo and j.p. morgan-chaseonsidering they have hundred billion in bank fosts. back to you. >> julie, thank you very much. >> hoo got a get out of jail free card but it was a mistake. >> if you were let out of the slammer monthses ahead of schedule. >> this map knew he would go back to prison. you were the exotic animals released by the suicidal owner. the animals roamed and terrorized many people before they were destroyed. the sound of the gunshots as police responded to the call of the wild. [ artis brown ] america is facing some tough challenges right now. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands ojobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for oucountry's energy security and our economy. you kno

banks around the world. and this move affects some of the largest banks right here in the united states. they include, jpmorgan chase, bank of america, citigroup, wells fargo, goldman sachs and morgan stanley, all s & p reports said grades changed because it altered the method it uses to rate banks. keep in mind the downgrades come amid a massive european debt crisis. some of the experts point out the ratings agencies caught criticism for being too slow to sound the alarms. that was about the 2008 financial meltdown. we're told today's move may make it more costly for the banks and for investors to do business. >>> michael jackson's personal doctor today learned just how long he should spend in jail for his role in the late singer's death. and the judge did not mince words. >> the fact is, michael jackson died because of the actions of and the failures to perform legal duties on the part of dr. murray. >> shep: he killed michael jackson. so for killing someone, how long do you stay behind bars? that's next. plus the only suspect in the disappearance of an american woman on the island of aruba just walked out of a jail scott free. ahead, we'll find out why

district has the highest foreclosure rate in the city and the group targeted bank of america, wells fargo, citi bank, chase>> in the south bay, a 14-year-old girl is dead. the innocent victim of a drive-by shooting. she and her friends had just left a birthday party when the shooting happened. "today in the bay" has the latest on the victims and the investigation from morgan hill. >> reporter: morgan hill police say there were about 10 to 15 teenagers on the corner of this block for a birthday party friday night. a 14-year-old girl was killed. three others injured. >> we don't believe they were targeting those four specifically. just that they happened to be in the wrong place at the wrong ti ti time. >> reporter: police say two 14-year-old girls are in critical condition. one of them is in a medically induced coma. a 14-year-old boy has been treated and released from the hospital. as for the suspects -- >> one of our officer who happened to be in the area during the time of the shooting followed the vehicle, lost it temporarily, and found it approximately three or four blox away from the scene of the shoo

of financial institutions, including u.s. banks. the move is part of their new rating system. bank of america, citigroup goldman sachs, morgan stanley wells fargo, and j.p. morgan chase are among those downgraded. >>> devastating news for american airlines. its parent company filed for bankruptcy yesterday. amr corp. is seeking relief from crushing debt. for most travelers, flights will operate normally and the airline will honor tickets and take reservations. its frequent-flier program will not be affected. , president obama is hitting the road today pushing his plan to put more money in the pockets of american workers. the president travels to scranton pennsylvania, where he urges congress to extend a temporary payroll cut that expires at the end of the year. he heads to new york city for a campaign fund-raising event. >>>0 herman cain is now deciding whether or not to stay in the race for the white house amid the latest allegations. last night he stuck to this topic of defense spending during a speech. the day before but georgia is this woman went public with allegations fayette had a 13- year affair. cain is denying allegations. >>> rick perry had a couple more f

bank of america. >> this comes on the heels of other major banks jumping ship. chase and wells fargo announced last week that neighbor counseling similar fees. >> it is kind of like what people did to netflix. maine bank of america is going the same way. >> -- maybe bank of america is going the same way. >> we did not find much sympathy on the streets of d.c. >> i do not think anybody needs more fees. especially from a bank. >> even the president spoke about this. customers should not be mistreated. this move comes before saturday, which is being touted around as a bank transfer date. thousands of customers were expected to move their accounts. >>> coming up, after being lost for six days in the woods robert wood has a new -- >> russian spies caught on camera trading secrets. >> making kids' lunches just got more expensive. >> what did bridge va. trick- or-treater is part robbed o ♪ ♪ ♪ ♪ [ male announcer ] combine a pnc cashbuilder visa credit card with a pnc performance select checking account and get to 1.75% cash back for just about every purchase. learn more and apply today at p

banks do business and reevaluating how they look. so jpmorgan chase, bank of america, citigroup, goldman sachs, morgan stanley, wells fargo, the top sixs all downgraded by s&p. s&p quick to point out, however, that some of these banks still have among the highest credit ratings in the world. just not as high as they used to be. so that's really important to note here as well. also, looking at europe, in particular, this morning we're seeing, you know, funding, overnight very short-term funding problems for some of these banks. i mean, you're looking back at october 2008 was the last time we saw dollar funding costs this high. so you're seeing strain in the global banking system as one of the reasons at play for this downgrade. and i quickly want to show you bank of america. it's a widely held stock. you might bank there. you probably have it in your 401(k) somewhere because it's in a lot of mutual funds. this stock is now down, carol, 61% just so far this year. this has been an investment that has just been losing money for people for some time. it's a bank that is under huge weight of mortgage problems and also lawsuits over mortgage

move comes on the heels of last month's news that bank of america was charging customers a $5 monthly fee for debit card use. wells fargo and jpmorgan chase also tested the idea but following intense backlash, all of the banks scrapped that plan. >>> maybe you didn't have the grades or the money to get into stanford, but here's your chance and it's free. stanford's experiment last fall was so popular, they're doing it again. the university is offering free online computer science classes, beginning in january. they accept everyone and each class will be fault entirely online with no textbooks to buy and no set class times. how about that? ten classes will be offered. >>> we are all a little closer to each other than we initially thought, at least that's according to a new study by facebook. >> the social networking giant has updated the long-believed six degrees of separation here tory. according to the new study you any single person on earth is a mere 4.7 steps away from being introduced to another person instead of the believed six. facebook used its 800 million users to find the degree of separation between any two people in the world

these are the pictures of the damage the wells fargo bank, windows blown out by protestors. they also hit chase bank and bank of america expecting to be the focus of trouble. many branches shut down for the day. mike sugerman on what the protestors want and the lengths some went to make their point. >> reporter: elizabeth, as you said, banks took it on the chin today. but for the most part, protestors were peaceful and for the most part they were successful. it was anything but business as usual in the oakland banking community today. 72 degrees in oakland today. protestors marched around oakland's downtown targeting bank after bank. at one wells fargo windows were broken. [ chanting ] >> reporter: this chase branch paid for it by demonstrators blocking doors, shutting it down. >> they are getting richer and richer. the bank presidents are getting giant bonuses while the people are losing their homes and losing their jobs. these are the criminals, not the workers. the ceos and the top people. >> there's got to be at least 1,000 people here in front of the bank of america loud but peaceful. but i haven't seen a police o

of steven j. who are known as a foreclosure mill and they represent mortgage lenders including citi group j.p. morgan chase bank of america and wells fargo and as you can see from these photos this is their theme of the homelessness of the people homeless due to their foreclosures so in this one image you see these two women who have a sign i lost my home and i was never served so specifically marking the fact that there are crimes all of these banks and these foreclosure for that they are the ones that committed the crime and they're laughing at the people that they thrown out into the street. were all great i think we're all on the train for a blink and now basically if these wall street banks have their way you know what we are going to happen in europe is probably another. kristallnacht you know this is the night when game on you know when basically it just won't take it all you're going to get oh you're going to a concentration camp that's what the banks in france and germany are angling for now and let's turn to this other image here from that same. party there's one sign that says see it stands for order to show cause which is a l

on the list, bank of america, citigroup, goldman sachs group, jpmorgan chase, morgan stanley, and wells fargos&p says the changes reflect a new methodology reflecting less confidence in the ability of governments to bail out troubled banks. >>> american airlines and its parent company are filing for bankruptcy. the country's third largest airline is trying to cut cost and unload massive debt brought on by labor struggles and high fuel prices. american says the filing will have no impact on travelers for now. >>> stocks were mixed today, and a political showdown is brewing over a payroll tax cut. democrats want to pay for it by raising taxes on high income earners. republicans do not. here's chief congressional correspondent mike emanuel. >> this week the senate's expected to take up an extension and expansion from 2.to 3.1% of the payroll tax holiday. the bill sponsored by a pens democrats bob accuracy would pay for it with a surtax on millionaires deposited into the general fund, not directly into the social security trust fund. republicans oppose the surtax and their senate leader mitch mcc

bank of america is canceling its plan to charge a fee. charged for access to their own money. their banks, other banks including jpmorgan chase and wells fargo, canceled trial tests of similar debt car fees. >>> antiprotesters hope to shut down oakland, california today. they called for a general strike. the protesters want businesses to close. last night, angry business leaders met with the mayor. >> there's no plans to remove the people who are camping illegally and causing major disruption to commercial in downtown oakland. >> several major labor groups say they support the strike. the oakland teachers union says it expects hundreds of its members to take part. >>> well, the lawyer for one of the women who accused republican presidential candidate herman cain of sexual harassment says she wants to talk. cain has offered contradictory explanations of what happened. a lawyer for one of cain's accusers wants the national restaurant association. >> i think the national restaurant association ought to waive and let the two women, if they choose to do so, come forward and tell their stories so it will get a complete public a airing. >> a year's

of this country's biggest banks. bank of america, citigroup, goldman sachs, j.p. morgan chase, morgan stanley and wells fargo. s&p says the changes reflect a new formula for determining risk. american airlines wants the nation's largest carrier filed for bankruptcy today. the airlined filed so it can reorganize and break expensive labor contracts. american is actually the last old-line carier to do it. the list of airline bankruptcies reads like the arrival board at an airport. look at the last two decades. before american there were delta, northwest, u.s. airways, united, t.w.a., pan am. 16 in all-- some of them twice. mark strassmann tells us what today's bankruptcy means for american, its employees, and its passengers. >> reporter: american airlines passengers will notice little change: same flight schedule, same frequent flier program. but bankruptcy will be a rough landing for thousands of the carrier's employees. >> there's no way to create a rosy picture out of this. >> reporter: tom hoban, an american copilot and union rep, expects major hits to his paycheck and pension. the airline will come out lean

bank accounts. ali rasmus is live to explain. >> reporter: the idea behind it, moving your money to make a statement. so moving from one of four major banks like bank of america, chase, wells fargo citigroup to a smaller community bank, or even a credit union, that operates as a not-for-profit. the people taking part in bank transfer day are upset with the major banks for a number of different reasons. number foreclosures, the federal bailout, but much of the momentum for this started a couple months ago when bank of america announced plans for a $5 debit card fee for its debit card users. other big banks said they would also consider similar move and that's when many customers started getting angry and closing their accounts. all of those banks have since dropped their plans for deb the card fees. meantime, an estimated 650,000 people have opened new accounts with credit unions, more are expected to do so today. we talked to one man planning to close his account at within of the major banks and he explained why. >> you have no ethics. that's it. >> so where are you moving your money to, a credit union? >> i'm not sure yet. credit union, maybe not. i'm not sure yet. >> we also t

bank of america to back down. and the public outcry spurred other big banks like chase and wells fargo to kill their plans to roll out new debit fees, and molly says she hopes this encourages people to speak up, if they're against something. >> i really hope this inspires other people to try to change things. when they're unhappy with them. and even if it is something like starting a petition. >> now, bank of america issued a statement saying, quote, our customers voices are the most important to us. and as a result, we are not currently charging the fee and will not be moving forward with any additional plans to dostowe. >>> news around the nation, safeway is now dropping charges against a honolulu couple arrested for stealing a sandwich. now it led to the 2-year-old daughter being taken to the state custody. the mom is 30 weeks pregnant and said she was feeling light-headed and intended to pay for it and forgot when the family checked out and when they were leaving, the family was approached by security and offered to pay for the sandwich which costs $5 but you can't pay for merchandise once you leave. the comp