On a beautiful sunny Seattle Saturday, 400 south Seattle residents took to the streets to demand that JPMorgan Chase Bank reinvest money in the communities they have destroyed. The community members — parents, students, workers, homeowners — demanded that Chase reinvest money in the form of principle write down for every Washington homeowner. They alsoContinue reading “Seattle Residents Take Their Demands to Chase Bank”
Tag Archives: big banks
Thousands of New Yorkers Take Over Wall Street
On Thursday, May 12, 20,000 community members from New York City and beyond descended on Wall Street. Mayor Michael Bloomberg had just released his budget which cuts 6,000 teaching jobs and slashes vital social services the city relies on while keeping in tact tax breaks for his billionaire friends and the corporations that house them.Continue reading “Thousands of New Yorkers Take Over Wall Street”
Rude Awakening for Seattle Tax Dodger & Wells Fargo Board Member
On a typically rainy Seattle morning, Tuesday, May 2, commuters stuck in rush hour traffic were treated to a perfect view of a banner declaring peoples’ demands to big banks – PAY YOUR TAXES! The banner, hoisted up by 8-foot weather balloons and anchored by local students’ sailboat, reading “Wells Fargo-Pay Your Taxes” flew aboveContinue reading “Rude Awakening for Seattle Tax Dodger & Wells Fargo Board Member”
On Tax Day, Time to Tell Corporations that the Game of Tax Dodgeball is Over
This year Uncle Sam pushed Tax Day back to April 18, giving us all a three-day tax filing holiday. It’s almost enough to make you feel warm and fuzzy inside. Until, that is, you hear about GE, which apparently is on extended vacation, paying essentially nothing in taxes for 2010 despite raking in $5.1 billionContinue reading “On Tax Day, Time to Tell Corporations that the Game of Tax Dodgeball is Over”
Big Banks Must Step Up to Address the Revenue Crisis
The big banks live in a parallel universe. In their universe, the financial meltdown was beyond their power to stop. The recession that left more than 1/10th of the American workforce unemployed is a shame they had little to do with. The massive government bailout of the financial system was an opportunity to make aContinue reading “Big Banks Must Step Up to Address the Revenue Crisis”
Video: Washington CAN! Quarantines State Capitol from Bank Lobbyist Germs
On Bankers’ Lobby Day (February 7), members from Washington Community Action Network quarantined the state Capitol building in Olympia to protect lawmakers from from lobbyist “germs” of misinformation. Lobbyists were there to dissuade lawmakers from voting for House Bill 1847, which would eliminate outdated tax breaks for big Wall Street banks and private jet ownersContinue reading “Video: Washington CAN! Quarantines State Capitol from Bank Lobbyist Germs”
ICAN Demands Wells Fargo Change Overdraft System & Payday Lending Practices
On Tuesday, October 26th, members of the Idaho Community Action Network gathered outside of the Wells Fargo bank in Pocatello, Idaho to demand changes to the bank’s excessive overdraft system. Many Idahoans have experienced the pains of the economic recession and are in a state of discontent with Wells Fargo’s failure to address the financialContinue reading “ICAN Demands Wells Fargo Change Overdraft System & Payday Lending Practices”
Washington CAN! Holds Action Demanding Big Banks To End Foreclosures
On Tuesday, October 26th, at 11:30 a.m., more than two dozen homeowners, friends, and community members marched into Chase Bank in downtown Burien, Washington and demanded an end to foreclosures in the state. These homeowners represented just a handful of the 225,000 underwater homeowners in the state of Washington. The action, organized by Washington CAN!,Continue reading “Washington CAN! Holds Action Demanding Big Banks To End Foreclosures”
Banks and Foreclosures: Where’s the Accountability?
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 pullContinue reading “Banks and Foreclosures: Where’s the Accountability?”
Building a National Movement Against The Big Banks: Organizing Underwater Homeowners
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 themContinue reading “Building a National Movement Against The Big Banks: Organizing Underwater Homeowners”