Tuesday, November 1, 2011

Fight Wall Street and the Big Banks in Gainesville on November 5

Dear MoveOn member,

After bailouts and free passes from the government, big Wall Street banks are suddenly being held accountable by the American people.

Tens of thousands of bank customers have pledged to move their money out of the big banks and into the small banks and credit unions that are actually investing in our communities.

Now on Saturday November 5, it's time to take accountability straight to the Main Street branches of these Wall Street institutions. At over 200 actions, we'll shine a light on the damage the big banks are still doing to our economy, our communities, and our neighbors from coast to coast, and encourage the big banks' customers to move their money too.

This Saturday in Gainesville we tell the big banks—and our government—no more free passes for damaging our economy. On Saturday, we Make Wall Street Pay.

Host: Karen E—fellow MoveOn member
Where: Corner of SW 34th Street & 20th Ave (in Gainesville)
When: Saturday, Nov. 5, 2011, at 11:00 AM

I can come on Saturday.

I can come on Saturday and I'm facing foreclosure or am underwater on my mortgage.

I can't make this event, but keep me up-to-date on the campaign.

The big banks may have massive marketing machines and spend huge advertising dollars, but that can't compete with a group of community members in front of their branches across the country, telling their friends and neighbors that this bank can't be trusted, because:

  • It's firing tens of thousands of people, even while it's making huge profits and paying record bonuses to executives.1
  • It's foreclosing on our neighbors, even when it doesn't have a legal right to.2
  • It's only making 18% of its commercial loans to small businesses in our community, compared with 56% at the small bank down the street.3 
  • It helped crash our economy and got a bailout instead of a fine.

No marketing company can out-think that. No advertising budget can out-spend that. No big bank can ignore it, and neither can the federal government and attorneys general across the country who are considering a deal that would let the banks off the hook again—this time for their widespread abusive mortgage practices.4 

With the government sitting on the sidelines, a big national day of action from customers is the only way the big banks will listen—it's the only way they'll change. Can you join the Make Wall Street Pay action near you in Gainesville?

I can come on Saturday.

I can come on Saturday and I'm facing foreclosure or am underwater on my mortgage.

I can't make this event, but keep me up-to-date on the campaign.

Thanks for all you do,

–Lenore, Tate, Stefanie, Elena, and the rest of the team 

P.S. Can't make this event? Click here to find another event near you.

Sources:

1. "11 Facts You Need To Know About the Nation's Biggest Banks," Think Progress, October 7, 2011
http://www.moveon.org/r?r=266685&id=32517-18565523-ug72PCx&t=10

"On Street, Pay Vaults to Record Altitude," The Wall Street Journal, February 2, 2011
http://www.moveon.org/r?r=266118&id=32517-18565523-ug72PCx&t=12

2. "September Bank Foreclosures Reach New Record," ABC News, October 14, 2010
http://www.moveon.org/r?r=266116&id=32517-18565523-ug72PCx&t=14

"Foreclosure activity soars in third quarter, ending lengthy lull," Los Angeles Times, October 18, 2011
http://www.moveon.org/r?r=266691&id=32517-18565523-ug72PCx&t=16

3. "Banks and Small Business Lending," New Rules Project, February 10, 2010
http://www.moveon.org/r?r=266782&id=32517-18565523-ug72PCx&t=18

4. "The Worst Deal They Could Cut," The Huffington Post, October 31, 2011
http://www.moveon.org/r?r=266727&id=32517-18565523-ug72PCx&t=19

"A Deal That Wouldn't Sting," The New York Times, October 29, 2011
http://www.moveon.org/r?r=266787&id=32517-18565523-ug72PCx&t=20

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