What We Can Do
We Need to Choose Our Banks More Wisely
Our banks may fail to recognize the need to be good corporate citizens in our region. They may refuse to pay back the millions in cancellation fees. They may refuse to re-negotiate current debt deals with our city and schools.
But if this becomes the case, then we the people who have suffered the many cuts to our essential services and our children’s schools as a result of banking greed need will work tirelessly to:
- Organize and encourage individual citizens to leave those banks
- Empower local institutions to leave those banks
- Support and encourage our city and school district to stop doing business with these banks
Our communities have been deeply damaged by the irresponsible greed of our banks. Despite this, these banks were deemed “too big to fail” and were bailed out.
Now, years later and after the stimulus money has dried up, our schools and communities are suffering cuts to services and cuts to our schools. It is unconscionable that these same banks continue to rake in profits on ill-conceived, ill-marketed deals.
We call upon the banks that our city and schools do business with every day to remedy this situation and re-negotiate in good faith. Otherwise, we call upon our elected leaders to lead the way to justice and divest all public dollars from banks which do not prioritize our community.