It's Key to Stop the First Niagara Merger

The proposed merger of Key Bank and First Niagara has been all over the news and I never thought to say anything against it because there was actually a decent amount of negative news coverage across the board against it.

On WIVB (Channel 4) I saw an economist stating that this merger/buy out was the only way for Key Bank to show a profit and keep it's stock prices up. Nice for someone to tell the truth.

This merger has nothing to do with improving bank services. As all the protesters have stated, this will result in the closing of bank branches and inconveniencing the minority communities that First Niagara services.

The same broadcast segment focused on loans made by Key Bank (I believe). To the minority communities that First Niagara serves that is less important than the fact that they have a local bank that they can deposit money into and have checking accounts with.

PUSH of Buffalo was out in protest against the merger. Socialists need to join them in their protests against the merger and stand up for smaller banks that are responsive and responsible to their communities and depositors.

If the merger goes through, PUSH of Buffalo and socialist need to join the campaign for Postal banking services. Many years ago the Postal Service used to offer banking services. The banks forced the government out of this area. We need either a return to postal banking or all First Niagara depositors to remove their money and work to build local credit unions that will serve the needs of the community.

We have until midnight Sunday I believe to post comments against the proposed merger. It may be extended. We need to fight against the merger and have the banks made responsible to local depositors over Wall Street.