Right now, hundreds of people have taken to the streets in Minneapolis in support of over one thousand members of the Latino and Somali communities in the city who have pledged to divest from Wells Fargo and US Bank. After hundreds closed their accounts, the demonstrators occupied a major intersection near the banks.
On Wednesday May 9th, hundreds of people from a broad coalition of workers, seniors, families fighting foreclosure, students, the unemployed, environmentalists, and more converged in Charlotte - the Wall Street of the South - to protest Bank of America’s annual shareholder meeting.
Inside and outside the meeting, the 99% made their presence known. Take a look as we 'mic checked' Bank of America CEO, Brian Moynihan:
Get ready. After a massive day of 99% Power actions on Tax Day from coast to coast, we are quickly heading into the busiest weeks of shareholder season.
On April 24th thousands of clergy, community, student, and labor leaders, environmental activists, and many more will converge on Wells Fargo's shareholder meeting in San Francisco. We'll demand that Wells Fargo commits to principal reduction for homeowners; stops investing in private prisons, payday lenders, and dirty energy; pays its fair share in taxes; and stops buying our democracy.
So many of us in the 99% are struggling to support our families and to climb out from under the weight of massive debt. We worry about the health and economic security of our communities, our country, and our planet.
At the same time, the nation’s biggest banks continue the very same practices that crashed our economy, continue to put a price tag on our democracy and continue to poison our planet. We have had enough.
This Spring, we’re inviting individuals, organizations, congregations, universities, student groups and neighborhood and community groups to join together for national Move Our Money days of action to coincide with protests at the Wells Fargo shareholder meeting on April 24th and the Bank of America shareholder meeting on May 9th.
1,500 people turned out IIRON’s Occupy the Dream public meeting, celebrating the legacy the Martin Luther King, Jr. by holding elected officials at the state and national level accountable to move to a progressive agenda protecting the interest of the 99%. Leaders also announced an week of action targeting banks that accepted tax payer financed bail-out funds, yet refuse to provide relief to homeowners in foreclosure.
Every year we hear about big bank executives being awarded multi-million dollar bonuses, even as these same big banks crashed the economy. This year, we won't let big banks use our money for these huge bonuses when they could be helping homeowners stay in their homes. That's why it's time to break up with the big banks.
After a lot of advocacy work by Washington CAN!, Working Washington, and inspired by the ongoing #Occupy movement, the Seattle City Council on Monday unanimously adopted a resolution that calls on the city to examine its banking and investment practices, home-foreclosure patterns, and the financing of local elections.