UAW, FLOC & Rainbow Push Protest To Pull Hundreds Of Millions Of Dollars From Chase Bank

[Omaha Steve]

http://www.laborradio.org/node/14202

Submitted by Doug Cunningham on September 23, 2010 - 4:44pm
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By Doug Cunningham

The United Auto Workers, Farm Labor Organizing Committee, Rainbow Push and some clergy are announcing today that they are withdrawing hundreds of millions of dollars from Chase Bank. It’s a protest against JP Morgan Chase’s refusal to declare a two-year moratorium on foreclosures in Michigan and the bank’s continuing ties with RJ Reynolds Corp. UAW President Bob King says Chase could make a huge difference to help unemployed homeowners in Michigan and unpaid farm workers in the Carolinas if the banks would suspend foreclosures and pressure RJ Reynolds to do the right thing by farm workers. The UAW and community leaders in Michigan also want Michigan Democratic Congressman John Conyers to hold hearings on the failure of Chase and other banks to effectively implement federal programs to help keep people in their homes.

[tabatha]

1. Good - Chase is scum.

[customerserviceguy]

2. Starve the beast

Maybe Congress is too 'owned' by the banksters to really stomp down on them, but people can.

[marybourg]

3. Good. I pulled my money from them 49 years ago when they

were still Chase Manhattan Bank and treated small depositors like crap.

[54anickel]

4. I still have one account with them.

It's a "free", no minimum balance, checking account with a monthly ATF for life insurance. I keep enough in it to cover the monthly drafts. I'll occassionally write a check or 2, depositing just enough money to cover them. I keep it as an account that costs Chase money. I used to be employed by one of the banks that got gobbled up in the merger-mania of the late 80's. This was originally my no service fee payroll account. Funny, never thought of it until now...that account is over a quarter of a century old!