Crossing the Moat and Storming the Castle in Ohio
The Robin Hoods Return in Chicago
The Robin Hoods that built and crossed the moat outside of JP Morgan Chase headquarters during the big bank’s annual sharedholder meeting are descending on Chicago today.
They are joining with hundreds of people outside of the Mortgage Bankers Association Conference to demand that the big banks “Pay US Back.” Today’s action is organized by National People’s Action, an organizational member of The New Bottom Line and is part of a ten-city month of actions. The action is also part of Take Back Chicago, a massive convergence of a coalition of labor and community groups organizing a week of demonstrations as well as the spreading #OccupyWallStreet movement.
The Mortgage Bankers Association is one of the most powerful lobbying organizations for the big banks and they represent the mortgage arms/tentacles of the BIG 4–Wells Fargo (who happens to be sponsoring the conference), Bank of America, JPMorgan Chase and Citigroup–as well as numerous independent mortgage companies that created the housing bubble and blew up the economy in 2008.
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