Top-Hatted ‘Bankers’ Peddle for Taxpayer Cash in D.C., and More Good Jobs Actions
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On Monday, in Cleveland, AFL-CIO Secretary-Treasurer Liz Shuler told a crowd of union activists outside a Morgan Stanley office:
“We’re here at Morgan Stanley to make one thing clear. We need good jobs now. And we are going to make Wall Street pay.”
Meanwhile, in another of the AFL-CIO’s 200 “Good Jobs Now, Make Wall Street Pay” actions taking place through the end of this week, top-hatted “bankers” panhandled for even more bonus bonanzas on a sidewalk in front of a Washington, D.C., Bank of America branch.
The rallies and marches are demanding the Big Six Wall Street banks—Bank of America, Citibank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wachovia-Wells Fargo—take the following actions:
- Pay their fair share to restore the jobs their actions destroyed.
- Stop their multimillion-dollar lobbying blitz to kill financial reform.
- Start lending to communities, small businesses and others starved for credit.
A Thousand Philly Marchers Tell BofA: It’s Time to Pay
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More than 1,000 Pennsylvania union members, laid-off workers and community allies rallied outside a downtown Philadelphia Bank of America office, hundreds streamed through the bank lobby along with a delegation carrying a $145 billion check. Shouting, “No jobs, no future,” they demanded BofA endorse the check and help finance creation of the 11 million jobs Wall Street gambled away.
After all: Wall Street’s Big Six—Bank of America, Citibank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wachovia-Wells Fargo—received $145 billion taxpayer bailout funds.
Kelle Sallard, an unemployed Verizon worker and member of the Communications Workers of America (CWA) from Verizon, told the crowd she lost her medical benefits but doesn’t qualify for free health care.
While the CEO of Verizon makes $18 million and gets lifetime free health care, I lost my job at Verizon, lost my benefits and make too much on unemployment to qualify for free health care. How is that fair?
JPMorgan Chase Greed Brings ‘Guilty’ Verdict
JPMorgan Chase CEO Jamie Dimon was found guilty yesterday of conspiracy to wreck the economy, destroy jobs and the immoral use of taxpayer bank bailout money for millions in Wall Street bonuses.
The courtroom was on a Madison Wis., street in front of a JPMorgan Chase bank branch and the jury included dozens of union and community activists. The street theater was part of the AFL-CIO union movement’s two weeks of action across the country to make Wall Street pay to create jobs and fix the economy they ravaged.
Jim Cavanaugh, president of the South Central Federation of Labor, which organized the curbside drama, says:
We bailed out Wall Street. Now, it’s time for Wall Street to bail out Main Street.
Workers’ Stories Put Face on Victims of Wall Street Greed
One worker says she lost four jobs during the past seven years. Another saw his unemployment insurance (UI) benefits evaporate due to Sen. Jim Bunning’s (R-Ky.) callous filibuster of an UI extension last month.
Those are just two of the personal stories jobless workers and others have shared at the AFL-CIO’s Good Jobs Now site. Our interactive site is part of the AFL-CIO’s fight for good jobs that today kicked off two weeks of action across the country with rallies and demonstrations at branches of the Big Six Wall Street banks—Bank of America, Citibank, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wachovia-Wells Fargo. (Find out about events in your area here.)
The Big Six’s reckless greed played the major role in wrecking the U.S. economy and killing American jobs. The workers sharing their stories have seen firsthand the damage left behind.
Join Us and Make Wall Street Pay
Starting today, the union movement and our allies are taking our fight for good jobs now to the biggest Wall Street banks whose reckless greed has gone a long way to wreck the U.S. economy and kill American jobs.
From March 15-26, working people will hold rallies and demonstrations at branches of the Big Six Wall Street banks—Bank of America, Citibank, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wachovia-Wells Fargo—across the country. They will tell the banks: “I Am Not Your ATM” and “Make Wall Street Pay for Creating New Jobs.”
You also can tell Wall Street executives to pay to create good jobs by sending a letter urging them to do the right thing. Just click here.
Find out about events in your area here. If you take part in an event, be sure to send us your photo or video here.
Get Set for March Actions to Make Wall Street Pay
The union movement and our allies are taking our fight for good jobs now to the biggest Wall Street banks whose reckless greed has gone a long way to wreck the U.S. economy and kill American jobs.
From March 15-26, working people will hold rallies and demonstrations at branches of the Big Six Wall Street banks—Bank of America, Citibank, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wachovia-Wells Fargo—across the country. They will tell the banks “We Are Not Your ATMs” and “Make Wall Street Pay for Creating New Jobs.”
You also can tell Wall Street executives to pay to create good jobs by sending a letter urging them to do the right thing. Just click here.
Find out about events in your area here. If you take part in an event, be sure to send us your photo or video here.
