BOFA River PARK
March 15, 201212:00 am - 5:30 am
OCCUPY! DIVEST FROM THE BIG BANKS
Please consider moving your money out of big commercial banks like Chase, Wells Fargo, Bank of America, and Citigroup. These banks:
- through their disastrous, failed investments wrecked the economy sending us into the worst recession since the Great Depression, driving millions out of their jobs and their homes
- are too big to fail and have only gotten bigger since the beginning of the crisis with B of A buying Merrill Lynch, Chase buying Bear Sterns and Washington Mutual, and Wells Fargo buying Wachovia (to name just a few of the biggest takeovers)
- took enormous taxpayer bailouts (Wells Fargo, $258b; BofA, $303b; Chase,$258b: Citigroup, $45b) which were paid back with taxpayer monies used to bail out other institutions like AIG
- continue to receive zero interest loans from the Federal reserve
- continue to pay their CEO’s and top management exorbitant salaries and bonuses
- provide tens of millions of dollars in campaign donations making them one of the largest sectors for political contributions
- maintain a revolving door between commercial and investment banks and government (Robert Rubin, Goldman Sachs senior executive became Clinton Treasury Secretary and then moved back to Citigroup as Chariman; CEO of Goldman Sachs Henry Paulson became Bush2 Treasury Secretary and designed the bailouts, dozens of former House and Senate Leaders and Committe Chairpersons who now engage in lobbying for the financial sector)
- replaced their predatory “overdraft protection” fees (made illegal under the weak Dodd-Frank finacial reforms) with predatory checking and debit card feeshave been the subject of numerous successful and pending civil fraud cases
More Information
moveyourmoneyproject.org
occupyfresnoca.com
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