It’s been a heated election season. When the political dogfights get all the attention, it’s easy to forget that there good policies and institutions out there that receive bipartisan praise, are working well, and deserve to be built upon.
The Bank of North Dakota is an important example. Founded in 1919 in response to a credit crisis that threatened that state’s agrarian economy, the Bank of North Dakota is now a revered institution credited with helping keep the state solvent and growing while many others are struggling with the effects of the current recession. Continue reading
Over the past several weeks Bank of America, Ally, and GMAC have announced that they have will be halting foreclosures in the 23 states that require a judge to sign off on foreclosures before eviction. Did this decision come from enlightened bank management who understand what is needed to stabilize the housing market and pull our economy out of the cellar? Of course not. Instead, it was done in response to the damning evidence that recently came to light that banks weren’t reading documents, were forging notarizations, foreclosing on homes that they didn’t own, and outright fabrication of loan documents. As usual the media is missing the real story during this ongoing foreclosure mess. Continue reading
In September, NWFCO joined more than 230 people from around the country for the “Banking for a New Economy” Summit in Chicago, Illinois. We came together to build a national movement for bank accountability – reminding ourselves that the banks created the greatest economic crisis since the Depression, and now we have to make them fix it
At the summit, NWFCO’s Betsy Dillner talked to a group of grassroots leaders and organizers from across the country about our work in Washington state to organize “underwater homeowners” – those who owe more on their homes than their homes are currently worth. (When the big banks created a housing bubble and then crashed the economy, housing prices plummeted, leaving hundreds of thousands of people underwater.) Continue reading
Twenty-seven leaders from grassroots organizations in six states came together in Seattle during three very hot days in early July to launch NWFCO’s newest training program, the Justice Leadership Academy (JLA). Continue reading
On March 15th, 2010, Washington Community Action Network and close to 100 protesters chanted outside of Chase’s headquarters in downtown Seattle, demanding that the company and other big Wall Street banks pay their fair share to help maintain crucial state services. Continue reading